Slurp and munch

As EU leaders chomp their way through dinner at the EU summit, a summit which will not take any decisions, the talk in Brussels is of Greece existing the euro.

The press conference held by Barroso and van Rumpoy is unlikely to go down well with the markets.  Proposals for growth are simply restatements of existing EU policy.  There was discussion on moving towards greater monetary union, but all that is to happen is that a list of options will be produced in the next five weeks for discussion.  Greece is welcome to stay in the eurozone but must meet its austerity obligations.
See:   http://www.bbc.co.uk/news/world-europe-18185662 and

http://www.independent.co.uk/news/world/europe/eurozone-set-to-abandon-greece--and-austerity-7782669.html

Also:

http://www.telegraph.co.uk/finance/financialcrisis/9286598/EU-summit-fails-to-provide-answers-for-eurozone-crisis.html

http://www.independent.co.uk/news/business/comment/hamish-mcrae/hamish-mcrae-even-wealthy-germany-cant-afford-to-save-the-eurozone-7782635.html

http://www.spiegel.de/international/europe/hollande-eu-premier-to-focus-on-growth-at-brussels-meeting-a-834667.html

http://www.telegraph.co.uk/travel/travelnews/9284971/Visitors-to-Greece-warned-over-possible-euro-exit.html

http://www.telegraph.co.uk/finance/financialcrisis/9285262/Bundesbank-says-Greek-euro-exit-would-be-manageable.html

http://www.bbc.co.uk/news/world-europe-18173054

http://www.bbc.co.uk/news/world-europe-18172748

http://www.bbc.co.uk/news/business-18162302

http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100017364/papademos-grexit-and-catastrophe-blackmail/

http://www.telegraph.co.uk/finance/financialcrisis/9286309/Debt-crisis-Germany-holds-a-gun-to-Greeces-head.html.  See also:  http://www.handelsblatt.com/politik/konjunktur/geldpolitik/folgen-beherrschbar-euro-zone-und-ezb-bereiten-griechenlands-austritt-vor/6665038.html  (Google Chrome will translate into English.)

http://www.telegraph.co.uk/finance/financialcrisis/9285946/Greece-denies-eurozone-preparing-contingency-plans-for-break-up.html

http://www.telegraph.co.uk/finance/financialcrisis/9283191/Angela-Merkel-astonished-by-austerity-debate-as-Germany-left-increasingly-isolated-on-eurobonds.html

http://www.spiegel.de/international/business/interview-with-economist-paul-krugman-on-euro-zone-rescue-efforts-a-834566.html

http://www.spiegel.de/international/europe/greek-leftist-alexis-tsipras-calls-on-germany-to-drop-austerity-demand-a-834579.html

http://www.telegraph.co.uk/finance/comment/damianreece/9286238/Letting-Greece-leave-the-euro-is-the-lesser-of-two-evils-for-all-concerned.html