The European Council has mainly disappointed expectations
In five out of nine times that the European Council has met since January 2011, market expectations have been missed. Analysts at BNP Paribas have done the research, which supports the heavy air of pessimism surrounding this Thursday's euro summit that is set to present some sort of action plan on Friday. “Although it is improbable that we get a final solution to the euro area crisis,” BNP Paribas said…