Agreement to finally draw line under crisis

EUROPE and its troubled currency appears to be finally reaping the rewards of a litany of summits this year designed to draw a line under the region’s debt crisis.

Markets have reacted positively, while US President Barack Obama heaps praise on EU leaders for getting a deal.

Yesterday Brussels recovered from the hubbub of motorcades and tense meetings as marathon talks to recapitalise banks, prevent a Greek default, and agree on a €1 trillion rescue package for the entire bloc finally came to an end at 4am.