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Morning Call: pick of the papers

The ten must-read pieces from this morning's papers.

1. Financial jargon is all Greek to me save one word - debt (Guardian)
The economics of global trade with China and the creation of the euro long seemed to defy logic. But what would I know, asks Peter Wilby?

2. Millions, billions, trillions...We lack the imagination to grasp these sums (Independent)
People don't understand what big money is at all, writes Philip Hensher

3. Let's end the triple-A fetish (Guardian)
Nations will dance to the credit rating agencies' tune until they shrug off the threat of a downgrade, argues Mehdi Hasan

4. A crisis in leadership that could ruin us all (Daily Mail)
The most appealling aspect of the present catastrophe is that it was avoidable, argues Alex Brummer

5. Sometimes it's so bad that you can't just blame the politicians (Independent)
There are some problems that nobody knows how to solve, says Christina Patterson

6. In this second wave of crisis, the pain has to be shared (Guardian)
This government is insulated from the brutal nature of its cuts. It must invest in the young to avoid a crippling legacy, says Polly Toynbee

7. The party's over. Buy back the family silver (Times) (£)
British politics is back to its ancient course: the management of decline, argues Matthew Parris

8. Keep calm and carry on as financial crisis looms (Telegraph)
The ominous rumbing of an impending economic meltdown has echoes of the 'phoney war' of 1939-40, says Matthew Norman

9. Capitalism in crisis (Daily Mail)
Eighty years ago, a banking collapse devastated Europe, triggering war. Today, faith in the free markets is faltering again, writes Dominic Sandbrook

10. A crisis that will reveal if this pair are simply lightweights
The maelstrom in the financial markets present the greatest leadership challenge yet for Cameron and Osborne, says Iain Martin.