Despite high hopes, this weekend’s summit of EU finance ministers and  heads of state will find no magic silver bullet. Ignore the obligatory  optimistic communiquĂ© at the end of the summit. The crisis will continue  with no end in sight.
The European debt crisis has lasted so long because there are so many  players with too many different interests, and even minor players can  sabotage a final resolution. With the myriad of competing and  incompatible interests, the crisis will continue as a slow bleed that  will make recovery of the world economy difficult, if not impossible.
Let me use a series of images to illustrate why there is no immediate solution to the  crisis.
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