July 20, 2011
The Brussels summit – the 10th time in 18 months that European leaders will try to rescue the euro and Greece from financial ruin – is being staged on Thursday amid grave pessimism that those leaders will be able to bury their differences and combine to rescue the single currency.
An unusual hush descended on the key European capitals, as if leaders and officials had been struck dumb by the weight of the responsibility now bearing down on them.
It was broken only by José Manuel Barroso, the president of the European commission, who chastised the current crop of EU leaders, declaring that "history will judge this generation of leaders harshly" if they refuse to act decisively in the euro's darkest hour. The emergency summit brings together the 17 government leaders of the eurozone, plus the heads of the European Central Bank and the commission. That the leaders were staring failure in the face was evident from a last-minute rush to Berlin by France's Nicolas Sarkozy in order to stitch up a deal, while other crucial meetings were hastily rescheduled.
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