LAST week in this column I anticipated the summit meeting of the 17 heads of the eurozone, held in Brussels on Friday.
This get- together aimed at nothing less than a root-and-branch reform of how the euro currency area operates - which explains why I was sceptical that very much would be achieved.
On the one hand, the summit desperately needed to agree a permanent successor to the European Financial Stability Facility, the temporary bailout mechanism the eurozone introduced last year to keep Greece and Ireland from defaulting on their sovereign debts.
This get- together aimed at nothing less than a root-and-branch reform of how the euro currency area operates - which explains why I was sceptical that very much would be achieved.
On the one hand, the summit desperately needed to agree a permanent successor to the European Financial Stability Facility, the temporary bailout mechanism the eurozone introduced last year to keep Greece and Ireland from defaulting on their sovereign debts.
