The efforts of Mario Draghi et al could only ever buy a little bit of time for the eurozone's politicians. Between the European Central Bank's commitment to buy ailing governments' bonds and the European Commission's first steps towards a banking union, there was a sense in recent weeks that – at last – some genuine progress had been made. And it has. But as strikes and civil disturbances batter Greece, Italy and Spain, even raising the possibility that Catalonia might try to go it alone, all the signs are that the opportunity for decisive action is, once again, being frittered away.
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