Paul Krugman seems pleased:
Worthwhile British initiative, by Paul Krugman: Ask, and you shall receive. I asked plaintively for policy makers, at least once, to exceed expectations in this crisis instead of falling short — and it seems that the eurozone governments have delivered, more or less adopting the British plan.
And I should have given props to the British government, which vastly exceeded expectations last week — and has effectively shown the world the way forward.
For those who don’t get the title: here.