Snags, diversions – and the crisis goes on

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Series Details 12.12.11
Publication Date 12/12/2011
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Commentary feature on the outcome of the European Council, Brussels, 8-9 December 2011.

The writer says that the European Union destroyed the illusion at the summit meeting that the eurozone and the UK could happily coexist inside the EU. That may have made it a historic summit. But the decision to set up a fiscal union outside the European treaties will do nothing whatsoever to resolve the eurozone crisis.

Related Links
ESO: Background information: Eurozone countries sign-up to closer ties
ESO: Background information: Find other Commentary Features in ESO on Challenges facing EMU

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