Leaders Piece Together an Effort to Keep the Euro Intact

As crucial as this summit meeting will be for market confidence, Mrs. Merkel loves to repeat, “There is no magic wand” or “single act” to solve the euro crisis. As she told German lawmakers last week, “It is a long process, and that process will take years.”


This says it all. Will the market get confidence in the euro now this Friday. I don't think so.


Here is the whole story from New York Times:
http://www.nytimes.com/2011/12/06/world/europe/leaders-piece-together-an-effort-to-keep-the-euro-intact.html?partner=rss&emc=rss