Resultado de la Cumbre de ayer

... En la que Merkel ya dijo antes de entrar que no habría decisiones importantes. Pues bien, las ha habido, pero no satisfactorias (quw es lo quw a Merkel le satisface). Se ha frenado en seco la puesta en marcha del MEDE con plena capacidad financiera. El MEDE,sucesor del EFSF, y que iba a ser un potente organismo de ayuda, com capacidad de asumir riesgos propios, se ha quedado de momento en un intermediario. El rescate bancario a España no será directo, com riesgo asumido por el MEDE, sino al gobierno, quien asumirá la deuda. En el FT

But at an EU summit that stretched into the early hours of Friday morning, leaders failed to agree on the second key step in the process: when the eurozone’s €500bn rescue fund will be able to start injecting cash directly into failing European banks, giving in to German resistance.
The direct bank recapitalisations from the rescue fund, the European Stability Mechanism, are essential to Spain, which must borrow or self-finance about €60bn to shore up its teetering financial sector, adding significantly to its sovereign debt. Once the ESM is given the authority to take over the process, those debts will shift off Madrid’s books.

Tampoco Merkel dio esperanza alguna de unas rápida implementación de la supervisión única, que estaría al mando del BCE.

But Angela Merkel, the German chancellor, said “it will take some time” before the bank supervisor was running effectively. “It’s not just a matter of months,” she said. Still, she conceded it would occur “over the course of 2013.”
The agreement came after a day that saw increasingly contentious public conflict between Mr Hollande and Ms Merkel over the future direction of a eurozone banking union, with the French president arriving in Brussels demanding quick action on the establishment of the supervisor and his German counterpart telling the Bundestag in a morning speech that she would insist on a more prudent pace.

Es decir, que la fecha anunciada por algunos de finales del 2013 para que estuviera listo, a doña Metkel le disgusta y dice que no es cuestión de meses.
Es decir, siguen tranquilamente arrastrando los pies e incluso dando marca atrás.