A grand plan to resolve Europe's escalating debt crisis is once again in doubt after officials decided today that key parts of the package will not be ready in time for a leaders' summit tomorrow.
A meeting of European Union finance ministers, which was to be held just before the summit, was called off. A summit of EU and eurozone leaders planned for tomorrow evening will still be held, but its conclusions on the grand plan may remain vague without the technical work concluded.
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TARP,whatever its merits, was basically - here's a bunch of money figure out what to do with it. This is a bit more complicated.