EU summit deal leaves many questions open

The EU summit has failed to produce a big step towards a political and economic union, say analysts, with measures adopted to help out Spain and Italy seen as "palliative" and vague plans to establish a central banking supervision

The decisions were enough for markets to rejoice on Friday, with the euro gaining ground and Italian and Spanish borrowing costs going down. But as with all previous EU summits, markets are set to fret once they have a closer look at the deal.

In their ...