Merkel and Sarkozy seek to change EU contracts for euro-currency-members

Well, I think what Merkel is doing is not exactly trying to lead in Europe but she is acting in vain about her own electorate. The German right is renewdly in some turf war about the sense and nonsense of Europe. The lib dems are even doing some in-party plebescit about EFSF while only holding 3 % in the polls. Merkel got the Bavarians in her neck who like to cry foul whenever there is some demand in terms of money from Bruxelles.
Im really thinking of this EU-contract renewal as Merkel's wall if the social Dems take over after the election. If asked, so what did you do about the crisis, she can say she tried.
All govts. got ousted lately which were somehow connected to the crisis, Croatia, Slovenia, Spain, Italy. In Germany, the lib dems hoover around 3% at the moment. Merkel's chances to continue her govt in the current form are virtually zero after the next election.
So, if you ask me whether its a crash course to change the EU contracts? Sure it is. But it's not really the thing about new German leadership. I think the leaderhsip issue more or less stinks. It's more about Merkel surviving the next election.

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Just one decade after its launch, EU leaders are gathering in Brussels for a summit to rescue the euro as the debt crisis that has engulfed Greece, Ireland and Portugal threatens the entire bloc. FULL STORY

London (CNN) -- Just one decade after the European single currency was launched amid fanfare and fireworks, its future is now in doubt as the debt crisis that has engulfed Greece, Ireland and Portugal threatens the entire bloc.

As European leaders prepare to meet in Brussels Friday for a summit aimed at hammering out a solution, Olli Rehn, Europe's commissioner for economic and monetary affairs, last week warned there were just 10 days left to solve the crisis.