Eurozone Brussels summit summary

The summit in Brussels concluded yesterday, with 25 of the 27 nations attending agreeing to sign the financial closer cooperation pact, designed to give early warning signs before a country's economy needs to tap into any bailout funds, so corrective action can take place before the "danger" alarms go off. What this mechanism is remains to be seen.

No surprise that the UK hasn't signed but new member the Czech Republic, has declined to sign also at this stage, not in the Euro as yet but committed to to it. 

There has been no confirmed agreement over the Greek debt crisis, within a crisis but with this country needing to meet financial obligations in the middle of March, this shouldn't be that long in coming through and the second rescue package released.

Markets in general are less volatile and showing more patience with the Eurozone leaders than last year, understanding the complexities of the situation but still feeling that too much time has been spent in resolving the Eurozone crisis that has spread negative financial doom and gloom globally.