Firstly an unlikely, yet impressive, victory over Germany in the Euro 2012 Semi-Final followed up with the Euro meetings. And an amazing second victory for Monti and his colleagues in terms of getting a second Germany cave in.
Of course, it still needs to be ratified in Germany - bit its a big victory, Using the ESM to buy bank debt driect means that in effect Germany is recapitalising the Southern European states.
Long-term this may still not save the Euro given its structural issues - but this is a big step for Germany as it changes the terms of the game.
A better day at last, except if your German perhaps...
