Observer
November 13, 2011
When exhausted European leaders emerged from all-night negotiations in Brussels last month with a "comprehensive" plan to claw the euro back from the abyss, they could have had no inkling that, less than a fortnight later, it would have so comprehensively collapsed.Last week, no government in Europe dared feel safe, and contagion was the word on everyone's lips. Investors' attention swung from Italy to Greece and then even to France, and bets poured in over who would be next to succumb to the eurozone's spiralling debt crisis.
It was also a week of political turmoil, as Greece appointed a former European central banker as its interim prime minister and Italy's Silvio Berlusconi was pushed towards the exit.
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