While the competition of these priorities and plans for solving the Syrian crisis harks back to the Cold War, ironically these P5 antagonists may have provided the outline of a framework and some structuralstability that the Annan plan has been lacking to date.
With the bad loans and their collateral freed from contracts and available for resale and the legal structural changes returning the market to stability with natural constraints on oversupply, the train building market should rapidly return to full health.
Structural solutions outlined include that the European Financial Stability Facility (EFSF) was designated as a more permanent solution and it will most likely be turned into a bank as I suggested in a Eurozone Crisis Solutions.
The Chinese leadership that emerges from 2012 will likely be unwilling or unable to decisively carry out deep structural reforms, obsessively focused on maintaining internal stability, and more aggressive in pursuing the core strategic interests it sees as essential to this stability.
Both are attempting to implement structural reforms, while cutting taxes, and both are certain this year to breach the stability pact's 3% limit on budget deficits for countries within Europe's single-currency area.
The reason for insisting upon such sweeping structural changes is simple: It is the only hope for economic viability and long-term political stability in the erstwhile Soviet Union.