Euro Crisis? What Euro Crisis?

I had thought the EU Summit was to sort out the euro crisis but nothing was done to do so. Everything that was proposed is for the future. The euro is burning and yet those great captains Merkel and Sarkozy, who rule the eurozone, fiddle. Why is that not a surprise. It speaks volumes of the quality of the people involved. Not only of Merkel and Sarkozy but of the other EU member leaders too as well as of their advisers and of course of the eurocrats. They are acting like rabbits caught in the headlights, frozen into inaction. All they can do is to recite the mantra of Monnet or of whichever of the nuts it was who dictated that each crisis in the EU should be used to advance the integration of its members into another country called Europe. Their idea of fiscal union is to ensure that each country has the same tax rates etc. unlike the USA where each state has its own tax regime with a federal tax rate set by the federal government. Janet Daley has a good take on this point in the Telegraph here. By trying to set up a fiscal union where everything is controlled from Brussels by unelected eurocrats the europeans show their distrust of democracy. They are proposing a soviet style of government that I fail to understand how the more democratic countries in the EU are prepared to sign up to. Perhaps in the last analysis, when the full details of the fiscal union become clear, they wont. As for France and Germany, with their historical predilection for dictatorship, it is no surprise at all that they are prepared to propose such an undemocratic construct. Of course the fun will come when they have to comply with their own rules, for example the 3% of GDP deficit limit. We have been there before when they excused themselves from so doing    shortly after the euro was introduced. This is a mess we will be far better out of and thanks to Cameron we now have the opportunity to change our relationship with the EU. Not of course that Clegg and the LibDems are happy with what happened. Indeed it took Clegg only a day to change his tune from saying that he and Cameron had discussed the tactics to be taken at the Summit to complaining that Cameron blew the negotiations. Does Clegg want the financial transaction tax that Merkozy were insisting on? Talking of which it seems that Merkozy agreed that it would not be imposed on Ireland so the inference is that Merkozy don't really care one way or the other about the tax but that they were determined to make the UK the scapegoat for their own inadequacies in solving the euro crisis.