Europe's heads of state have done a lot of summiting and deal making of late. Greece has voted more austerity. But on balance the results have disappointed again. The only genuine help for Europe's sovereign debt troubles has come from the European Central Bank (ECB), which at last has begun to provide markets much needed liquidity. Otherwise, Europe's leaders, though they have managed some action, seem incapable of thinking broadly enough even to begin grappling with the continent's underlying problems.
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