Their editors are much more eloquent than I am but the crux of their analysis is in complete agreement with my own - all these leaders have done is to temporarily paper over a problem that will not go away until the root of this weed is pulled up and disposed of. That however requires unpleasant business that will no doubt engender a loss in popularity to whatever leaders brash enough to actually roll up their sleeves and get down to the dirty business of fixing the cause of this morass.
Simply put - those governments in fiscal trouble have spent too much for too long and can no longer afford to do so.
If that sounds familiar, it should - it is exactly the path the current administration is leading the US down.
Forestalling the day of reckoning might make political sense in the short term but in the long term it is the stuff that composes the ruin of nations.
Everyone Bails Out Everyone
European deal has something for everyone, except the real problem.