Long on symptoms, short on causes.

No euphoria following the marathon meeting of national leaders of eurozone countries.  The decisions taken at the meeting highlighted effectively the shambles that is the common currency and the failure of political leaders and the EU to resolve issues that started to surface nearly two years ago.  Of course, they were all in denial then that there was a serious problem with their precious monetary union project.

The meeting yesterday bought time, nothing more. Sticking plaster on the symptoms.  It did not set out a policy or timescale to deal with the fundamental causes of  the problems of the eurozone.

http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100012860/europe%E2%80%99s-punishment-union/
http://blogs.telegraph.co.uk/finance/andrewlilico/100012844/avoiding-triggering-greek-sovereign-cds-is-a-mistake/
http://blogs.telegraph.co.uk/finance/jeremywarner/100012842/why-the-summit-to-end-all-summits-solves-nothing/
http://www.telegraph.co.uk/finance/comment/damianreece/8851575/We-should-worry-about-what-they-havent-discussed-in-Brussels.html
http://www.guardian.co.uk/world/2011/oct/26/eurozone-crisis-bigger-challenge-ahead

http://www.telegraph.co.uk/finance/financialcrisis/8851769/Europes-grand-gamble-risks-failure-without-ECB.html
http://www.spiegel.de/international/europe/0,1518,794278,00.html

http://www.consilium.europa.eu/uedocs/cms_Data/docs/pressdata/en/ec/125644.pdf  This is the official  statement released after the eurozone heads meeting.

http://www.telegraph.co.uk/finance/financialcrisis/8851995/Eurozone-heads-proclaim-comprehensive-debt-crisis-plan.html