CNN 2012-01-01

 The Euro was in safe hands shortly.By the time the Irish went to the poll in February, its bailout will secure.Greece was promising 2 reform, but then an event conspire 3 to undermine the best hopes, Bonia keep rising.Fear was growing about whether Portuguese 4 and Spain might need a bailout,the Japanese earthquake, nuclear safety.And Libya put the Euro on the back burner at the Eurozone leader summit. By July,Italy was in the faring line, Greece was not going to be able to pay his bills.Europe leaders helped at a crisis summit overnight, they agree to give Greece huge debt relief as a part of the second stunning 5 bailout.The head of the states and government over the Eurozone showed a real determination to defend the zone to make sure the Greece was taken care of in a comprehensive market. By September, the unthinkable wasn't any more.The Eurozone itself might just be in danger.People halt back to its very foundation, when the Euro was set up,A lot of people said it's very good to have a currency without a government, but actually it turns out to be a minus plan because no one was in charge. By the time finance minister met in Poland in September, Italy prime minister ** in faring line heading towards to unsustainable levels. There wasn't enough money to bail 1 out the zone's third biggest economy, the European central bank step in to the relief of finance ministers, fortunately, the Euro central bank has given us more time by intervening on the Italy and Spanish markets and providing a kind of protective sheers.Then acqunante hit the airways 6.The European financial stability facility or EFSF hit the headline when the 17 Eurozone national Parliament had to vote to expand its power.To great relief, they all did.The facility was not gonna last forever, it should be faced out after a few years' time, so for the time the best way to escape the current crisis.But then a threat led by Greece's prime minister to let Greece vote on stability brought down its government in November.A tacnic crisis took over , so do the one in Rome, both pledge huge package market responded well and took off some of the heat. Then European commissioner 7 set the clock ticking in December, there was just 10 days left to save the single currency.so now it's early December yet, another EU leader summit in Brussels to save the Euro, the third one I have been to in Brussels this year alone, have they done enough to save the single currency.Are the market please.Will the leader do enough to actually put the sunshine back into single currency? Britain involved as a new treaty, to fiscal 8 discipline, the other 24 countries say they will try in Green way to force each other to balance budgets and force penalties on those who don't. Treaty change or not, I still believe that it's not really into the heart of problems, which is more related to economic problems, and need reforming in the congress,need increase firepower in the firewall.After countless 9 meetings, have Europe done enough to restore confidence, if not, more firepower in 2012. CNN, London.