Seven points. Here's a rough-and-ready tally of the results of the 17 June 2010 European Council on finance and economic issues: (1) Economic governance in the eurozone is no longer just a theory but is being put into practice; (2) Budget discipline will be consolidated, with stronger penalties for countries that break the rules; (3) Macroeconomic surveillance will not focus solely on public spending but will also examine competitiveness and consumer debt; (4) The idea of a bank tax has been...