Edmund Conway writing for the Telegraph says Shock and awe may not be enough to save Europe. This is a big moment for Europe and for the single currency. The events of the past 24 hours are quite likely to sound the starting gun either towards a more federal Europe or, just as feasibly, to the break-up of the euro – so high are the stakes. We’ve covered the full run-down of what has been decided elsewhere, so here are a few thoughts: The European finance ministers are attempting to emulate …

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Is Shock and Awe a Blazing Bluff?