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Saturday, October 29, 2011

The euro deal: No big bazooka

 "We think we have an agreement, but we are not sure what it is," came the reply from one weary negotiator.
Briefing from The Economist on the Eurozone deal

The euro deal - No big bazooka
The Economist

Europe's leaders have agreed on how to prop up the euro. For now

BRUSSELS

IT WAS four in the morning in the Justus Lipsius building in Brussels when word at last filtered out that, after nearly ten hours of arduous bargaining, the euro zone's leaders had reached the long-promised "comprehensive" deal to save the euro. Diplomats called contacts in the sanctum to find out what, precisely, had been agreed. "We think we have an agreement, but we are not sure what it is," came the reply from one weary negotiator.

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