The EU’s house of cards

What a weekend this is going to be. Or not. Angela Merkel and Nicolas Sarkozy have said that EU leaders won’t be able to produce a bailout plan for the eurozone by Sunday, after their much anticipated weekend summit. Instead, they will only be able to come up with a plan after another summit on Wednesday.
 
The Sunday meeting, as some will recall, had already been delayed for exactly the same reason. The euro nations can’t agree — or, more precisely, the lynchpin nations of Germany and France can’t agree — on how to use the €440 billion bailout fund. They can’t see eye-to-eye on how much to boost it by either, and apparently the Bundestag doesn’t want to increase it at all. There is even confusion over Greece’s exact debt levels, with the increasingly comic troika of the ECB, IMF and the European Commission unable to agree on whether Greece can make