European leaders have agreed, in theory, to cede significant amounts of sovereignty to fix the banking issue and runaway spending of several member states.
As so often before, the practical implementation has proved difficult. The crisis has highlighted the many divisions within the EU, critics say, at a time when a strong and united vision was needed.
Closer banking and monetary cooperation will be a key topic at next week's summit meeting of EU government leaders, and a deepening rift between traditional allies France and Germany would complicate progress.
On the EU budget, differences have been running even deeper, with Germany leaning closer to Britain on keeping spending under tight control to match the austerity drive of many member states. France has been leaning closer to the nations urging sustained investment to boost growth.
Those disagreements are so vast that a special summit will likely not be called before next February.
Don Melvin contributed to this article.
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