Euro leaders have had limited affect after this weeks EU summit. The single unit continue to slide, repeatedly printing new year lows on contagion fears with a Greek exit. Policy makers are already shifting discussion and focus to next months summit. Behind the scenes, Italy’s Monti believes he is capable of swaying Germany, bringing her around to act in Europeans “common good.” Merkel may be opening a door to a compromise on debt sharing in the euro area. Before any of this occurring, next Thursday the Irish will hold a referendum on whether the government can ratify the EU fiscal compact. Recent polls suggest that ... (full story)