The latest European Summit.

EU leaders are meeting again. It will not be their last meeting of the year, there will be another before the end of the year. In case u r interested in the details of the meeting and how the meeting is viewed from the various capitols, the best place to go for a read is:

http://www.economist.com/blogs/charlemagne/2012/10/eu-summit-0

There have been two topics so far: 1. the EU Bank Supervisor and 2. who will represent the EU to accept the by now farcical Nobel Peace Prize. We can dismiss topic "2" as of little importance and blog about topic "1."

The EU Bank Supervisor was a German idea aimed at forcing the various EU nenbers to live within their means. The Summit accepted the idea, but the details are yet to be worked out. So, when will the EU have such a Supervisor? Starting next year. The Germans are insisting on quality, the French are urging speed.