Eurozone leaders and the International Monetary Fund (imf) reached yet another agreement to save Greece in the early hours of November 27, after a 13-hour meeting. Like previous agreements, this one has no chance of solving the problems in Greece, let alone in the rest of the euro. It’s yet another Band-Aid—but Germany hopes it will postpone tough decisions until after its 2013 elections.
Last week, eurozone leaders met and failed to agree on a way forward. According to Spiegel Online, the “unpleasant haggling that ensued was something even long-serving Brussels officials had rarely experienced.”