Dysfunctional Europe: Divided It May Fall

he turmoil (and desperation) in the eurozone is such that Monday’s announcement that EU leaders would agree to agree on a bailout for Greece sent world stock markets soaring.  The Standard & Poor’s 500-stock index rose more than 3 percent and the euro staged its biggest one-day advance against the dollar this year.  There is no plan, but rather a commitment to come up with a plan in time for the November G-20 summit.