Lacking a Grand Plan on Debt Crisis, Europe Limps Ahead

In 2011, European leaders have been unswerving in their commitment to muddling through.

Not for them grand or decisive moves to resolve the euro zone's twin government and bank financial crises. Instead, they have settled on a series of smaller gestures, over which they have haggled publicly beforehand and often afterward. Some actions may have helped their currency union hobble through the year; others will at best reduce the chances of a future crisis. READ MORE...

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