Italian Prime Minister Mario Monti fears "backlash" stemming from "mutual resentments" between Northern and Southern Europeans spurred by the financial crisis. 

The mood in the United States is sour. Although President Jimmy Carter never used the term, a "malaise" is infecting the country.

From Helene Cooper, the New York Times:  President Hu Jintao of China will arrive in Cannes, France, this week pondering a plea from Europe for tens of billions of dollars to help the continent get out of its debt crisis. And President Obama will arrive with a smile, some hearty handshakes, and his own plea: that Greece get its act together and that Europe fix its economic ills

Many of us predicted that investor euphoria over Thursday's Eurozone deal would soon fade. But few thought it would explode this soon.

From Michael Birnbaum, the Washington Post:  For decades, Germany’s role in Europe has been to supply the cash, not the leadership.

From Spiegel:  A huge arms deal is threatening to put French-German relations under strain.

From Stephen Harper, the Globe and Mail:  Both Europe and the G20 have important roles to play in restoring market confidence and protecting the fragile global recovery.

From Leon Panetta, U.S. Department of Defense:  We are nearing the end of a successful campaign in Libya, and are closer than ever to achieving our shared goals in Afghanistan.  But there is no doubt that this is also a time of challenge to the alliance.