http://blogs.ft.com/brusselsblog/2011/10/a-sign-wednesdays-summit-could-fall-short/#axzz1bp82yriz "Itâs getting uncomfortably close to crunch time for eurozone leaders, with just over 24 hours left before the summit-to-end-all-summits. But will they actually be able to agree on the big euro rescue plan? A letter sent last night by Jacek Rostowski, the Polish finance minister, makes it seem doubtful...." The news will be, we need more time. Ad infinitum. Greece needs to default 100%, exit Euro, go back to its own currency, and rebuild. Italy and Spain? Hold on for dear life and hope no one notices.
Just one the meetings of the finance ministers. If the whole thing were cancelled we prob would be 5% lower.