The recent marathon session in Brussels was the EU Council's 18th meeting on the Eurozone debt crisis. As it is comprised of the heads of government from European Union members, the Council was largely thought of as a grand debating society.
Not this morning.
In what may well be the first glimmer of light at the end of the tunnel, the EU will agree to coordinate bailouts across the continent. The details are still incomplete, and there is always devil in the details.
In addition, EU members must approve the substantive plan, meaning more coming politics in parliaments from London to Warsaw.
So this is not a done deal.
Actually, until there is some flesh on the bones, we are still uncertain what the "deal" really is.
But this much we do know.
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