The summit could have the makings of a deal, but will it be enough?

For a solution to work, it has to allow for economic growth, writes Cliff Taylor.

4th December, 2011
The summit could have the makings of a deal, but will it be enough?
Nicolas Sarkozy and Angela Merkel: stepping into the unknown.

A crucial week for the euro - another one. Over the past few days market nerves have calmed a little as a succession of speeches have appeared to point to an emerging agreement. It would go along the following lines.

**1** EU leaders would sign up for a move to closer fiscal union, meaning tighter central control of budget policy. We have still to see how exactly this would be implemented and policed and what...

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