What last week's summit produced is nothing less than a commitment of permanent German support...

|By:, SA News Editor

What last week's summit produced is nothing less than a commitment of permanent German support for the weaker EU states, argues Stratfor. The EFSF no longer needs EC approval, but is under German control and can take whatever actions it deems necessary. With the PIIGS and even France caught in debt/demographic nightmares, there will be plenty of action.