Twin-track discipline/economic recovery approach has won day. Will the upcoming European Council be of historic proportions? Probably, so long as we accept that it cannot provide all the answers hoped for and that differences between member states will not all be ironed out. A draft of the conclusions is already circulating. It consolidates the twin-track approach of budgetary discipline and economic recovery (something which, some time ago, seemed little more than a pipedream). The first...