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(Image from article: "Europe Struggles for Remedy to Euro-Zone Crisis as 'Final Package' Fizzles")

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Europe Struggles for Remedy to Euro-Zone Crisis as 'Final Package' Fizzles

European leaders “have risen to the challenge,” German Chancellor Angela Merkel said. French President Nicolas Sarkozy proclaimed their July 21 summit a “historic turning point” and Luxembourg Prime Minister Jean- Claude Juncker called it the “final package, of course,” to extinguish the debt inferno. Then they went on vacation. Before they returned to work, the deal fizzled.

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