The summit, which takes place in Brussels on 16 and 17 December 2010, is expected to focus on a presentation by Herman van Rompuy on a new Eurozone permanent crisis management system.

BBC: Barroso warns against EU 'beauty contest'

And in any case, it has conditions of its own: the euro zone must have a proper means of enforcing fiscal rules and a better crisis-management system.

ECONOMIST: Charlemagne

And the commission is delaying a bank crisis-management system.

ECONOMIST: Lots of rules, but not all good ones

At that point, ineffective crisis management nearly destroyed the financial system and the economy.

FORBES

This risk-management system apparently proved itself during the crisis in financial markets that followed Russia's default on its sovereign debt last August.

ECONOMIST: Investment banking