I am confused by what the leaders have achieved.

Prevention is better than cure. But when the problems actually materialize, you need a cure; not prevention.

Controlling debt and deficit are preventive measures that can avoid the problem from getting bigger and avoiding future problems. But what about current problems? The PIIGS are in trouble and the only current "cure" in the deal is the Euro 500bn fund.

- Where will this Euro 500 bn come from?
- The fund will be set up by July next year (if at all). Meanwhile how do we deal with current problems?
- Is it enough to address the crisis on hand?

These are the question we need to evaluate.