Too little, too late in fight for euro
Those who were hoping that yesterday's meeting of the leaders of Germany, France, Italy and Spain, the eurozone's four largest economies, would solve the single currency's chronic problems were once again disappointed.
While the €130bn growth package agreed by the leaders is better than nothing, it doesn't do anything to address the underlying problems of the euro.
Watching the press conference that followed yesterday's meeting in Rome, the impression was quickly conveyed that the leaders of the eurozone's "big four" were talking at rather than to each other. Completely absent was a willingness to make the hard decisions necessary to get to grips with the long-running crisis and save the single currency.