As the Eurosummit develops, it bears noting what the precise polict recommendations on the table are. The following letter outlining desired policy steps from the German Chancellor and the French President was addressed to European Council President Herman Van Rompuy just yestreday. Mr President, To overcome the current crisis, all necessary measures to stabilize the euro area as a whole will have to be taken. We are confident that we will succeed. We are convinced that we need to reinforce the architecture of Economic and Monetary Union going beyond the indispensable measures which are urgently needed to cope with ... (full story)