Listening to the comments of the various European leaders this morning, you’d be forgiven for thinking that they were attending different summits yesterday.
Francois Hollande, as quoted by the FT (emphasis ours):
The topic of this summit is not the fiscal union but the banking union, so the only decision that will be taken is to set up a banking union by the end of the year and especially the banking supervision.


1About China's capacity to absorb more capital
2Japan's mini crash: Blame China, not just Ben
3Spain's awful unemployment
4The Nikkei: a market abducted by retail
5Everlasting credit, the long view
Show more6Measure it however you like: inflation has been low and falling
7Buyback to enrich
8Pessimism and priorities in advanced economies
9Everyone's scared of something
10Bernanke's testimony to the Joint Economic Committee
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