This EU summit will accelerate a euro break-up not slow it down or save it
Can of worms? Pandora's box? Take your pick but that's what is being opened in Brussels.
Far from saving the euro, historians may come to see this summit as the moment it finally fell apart. They will have the benefit of knowing what comes to pass over the next few weeks as the political cloud from today's talks mushrooms over Europe.
Having ignored the views of the minority about the euro's flaws in the run up to its inception, the 17 members who eventually climbed aboard were happy to proceed during the debt inspired good times of the past decade.
But now they are finally forced to Brussels, again, having similarly failed to grasp the recent sovereign debt crisis.
Until recently, contemplating the break-up of the single currency was thinking the unthinkable. Now those openly discussing it – just about everybody – are merely adopting a mainstream, orthodox view. Even Nicolas Sarkozy is warning that the risk of disintegration has never been greater. ...