Europe is fighting for its economic survival. No later than the stock market opening on Thursday in Asia, the continent must have agreed on a solution to the debt crisis.
The Euro countries are slowly forging ahead to create the conditions for lasting stability of the communal currency. As expected, the Euro zone summit has come to an end late on Sunday evening without any concrete results.

Several governments did stress that headway is being made with the comprehensive package of measures. However, decisions regarding Greece, or an effective Euro rescue umbrella should be taken on Wednesday when 17 Euro governments and 27 EU governments meet once again in Brussels. The deadline for a solution to the debt crisis in Europe must be reached by the opening of the Asian stock exchanges on Thursday. A convergence was approached by negotiators on Sunday regarding the question of bank re-capitalisation and the strengthening of the reformed EFSF Euro rescue umbrella.
The acting EU Council President and head of the Polish government, Donald Tusk, reported there were "dramatic" speeches during the discussions. It is clear to all that during the coming days, the destiny of Europe will be decided. "Some said that some countries would be economically finished if we don't come to a decision quickly.“

EU Council President Herman van Rompuy assured at the end of the summit that "the Euro-states will do everything to save the Euro“.

Particularly apparent were the figures of Merkel and French President Nicolas Sarkozy, who appeared together before the press in Brussels that afternoon to demonstrate unity in the fight against the crisis, following all of the disagreements of the past few weeks. While the Chancellor departed on Sunday evening without commenting, Sarkozy spoke of "good progress“.

_{-Source: www.welt.de-}