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Europe's slump deepens as Kabuki summit falls short
Once again Europe's leaders have swooped into Brussels and vanished hours later without offering any clear way out of the pulsating crisis at hand. Greece scarcely made it on to the agenda. The hard decisions have been delayed until the next summit in late June. There was no agreement on use of the European bail-out fund (ESM) to shore up Club Med banking systems and take the strain off the sovereign states. Mario Draghi, president of the European Central Bank, said the EU is at a "crucial moment" in its history. "We have reached a point in which the process of European integration needs a courageous leap of ... (full story)
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