"Europe’s leaders are playing Russian Roulette, Each failed conference, each inadequate solution is like pulling the trigger. Each attempt burns time and credibility. Eventually they’ll get a loaded chamber, with the bang initiating the disorderly circumstances they fear. But perhaps only such turmoil will generate the political will to take decisive measures — but it will increase the cost of the measures and making success more difficult."
As always, Nouriel Roubini’s EconoMonitor does not run with the pack and has a more realistic analysis of the "historical" Bazooka summit.