oday begins a summit in Brussels considered crucial for the future of the euro. EU leaders will discuss for two days, the measures necessary to overcome the debt crisis. Crucial, decisive, historic, analysts and commentators are not stingy in epithets.
Everybody put their hope in the summit of the 27, and the growth markets expect. Enthusiasm will be, but if European leaders will temporarily take concrete decisions.

The leaders of France and Germany will not raise the negotiating table until an agreement is reached, strong, decisive, to solve the debt crisis in the euro area, said French Finance Minister, Francois Baroin. France and Germany will make every effort to keep their top AAA rating, Baroin said. Merkel-Sarkozy couple will promote change for the Union Treaty introduces strict controls of national budgets and automatic penalties for governments that violate EU rules. The main objective is that budget deficits remain below 3% of GDP and public debt below 60% of GDP, said European Council President Herman van Rompuy.

Thus, the Commission could have a veto over national budgets and the authority to impose austerity measures in countries that have benefited from a bailout, such as Greece, Ireland and Portugal. Furthermore, these states could lose the right to vote if violates the new provisions of the Treaty. It talks about creating a ministry of finance in the euro area and the establishment of the European Central Bank's role as lender of last resort for solvent countries, but who temporarily need cash. Is taken into account and create a European Banking Federation, covering the whole European system. On the agenda and discussions on measures to increase the financial resources of emergency mechanisms - European Financial Stability Fund and the European Stability Mechanism - the possibility that they operate in parallel.

An official in Berlin said that the German government almost gave up hope that all the 27 Member States will support a limited treaty change. A more likely scenario is an agreement of the 17 euro area countries, with another four or five states in the Union. Thursday, the ECB monetary policy is the last meeting of this year, and economists expect a reduction in key interest rate from 1.25% to 1%.

Also on Thursday, French President Nicolas Sarkozy, German Chancellor Angela Merkel, European Central Bank President Mario Draghi and other officials, including U.S. Treasury Secretary Timothy Geithner will meet in Brussels, before dinner Heads of State and Government of the 27 EU member countries.