EU's Do-Nothings

[HT:MM]
Financial Crisis: European leaders have been so busy gloating over the U.S. money mess, they've failed to notice that their own overregulated banking system is in even worse shape. They need to get their act together. French President Nicolas Sarkozy called an emergency meeting of European leaders last Saturday to address their fast-melting financial system. And what did they come up with?

Nothing.

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