After months of posturing, copious use of sticking plaster solutions and heads in the sand, it looks as though Euroland has woken up to the fact that muddling along will not save the euro. Action this day has to be the cry. But are we in for more of what has gone before, or are we at last to see decisive action?
Of course no progress is being made to resolve the inherent problems of the eurozone - lack of fiscal union, political and full central bank powers for the ECB. Until this happens problems will persist in the soft under-belly of the eurozone and the citizenry of troubled nations will continue to suffer. Germany has to make its mind up and understand that the advantages to it of being in the eurozone have to be paid for.