There were some tragic events that occurred at last weeks Summit. To elaborate a bit - what is tragic is that when there is an opportunity for progress to be made - for success to be obtained it does not occur for one reason. Human ego in all it's pathetic splendor - the breeding ground of sabotage by self and by others.
From today's accutc plus report:
The main problem being that if the 17 Euro zone members plus most but not all of the balance of EU members choose to take action on the proposals submitted – they may not be allowed to operate legally with in the structure of the existing E.U. institutions.
Currently the markets are reflecting this by the Euro currency trading near the October 4th low of 131.42 to the dollar. Back then the world was waiting for Slovakia to get on board with proposals to leverage the EFSF – eventually they did sign on ...
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