the major problem they cannot solve is each gov. guaranteeing bank loans originating out of their countries into their country's banking system.
that is true and major issue
not willing to insure inter bank lending is a killer, meeting was lame duck expectations were to high. counties want their own approaches, britain toxic to universal solutition.
Bingo. This was a big deal for the MM's to get done. You know what that means for Monday's market ... :-(