Stuck in a circuit of Euro uncertainty

As Europe's market rout gathers steam, the region is shying away from two urgent decisions which could arrest the spiral.

It’s only one week since European leaders gathered in Brussels for yet another summit aimed at quelling the region’s spiralling debt crisis, and financial markets are once again in the grip of an agonising uncertainty.

Investors are growing sceptical about the solution trumpeted by German Chancellor Angela Merkel and French President Nicolas Sarkozy – a new treaty which will lead to closer economic integration and tougher budget discipline among eurozone members.

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