19th September 2011
The Sydney Morning Herald even suggested the US warning had antagonised Europe. It reports Jean-Claude Trichet, the European Central Bank President, saying the euro zone's financial position was better than in other "major advanced economies".
However in the US, most analysts have been calculating whether the US move to help ease the Eurozone's liquidity problems marks out a new dangerous phase of the crisis and even if the US could end up being owed money by Eurozone countries or banks.
However one analyst thinks it is about time, the US financial authorities woke up to the scale of the crisis.