• Deal at summit will not be decided by Merkel and Sarkozy alone
• Germany and France must work together for there to be a Eurozone wide solution
• Merkel had phone conversation with Sarkozy on Tuesday
• Solving Eurozone debt problems is a long term process
• Participation of private creditors is a decisive factor for the German govt
• There is the prospect of an important step, but other steps will be needed after