The eurozone debt crisis that keeps repeating itself?
Is the drama surrounding the eurozone the crisis which refuses to die? The phone-hacking scandal, the Libya war, the hunt for bin Laden; all these major events have come and gone in the time thatAngela Merkel and co seem to have been locked in different but similar "crunch talks" across Europe.
Since its birth on 1 January 1999 the European single currency has never been so talked about. So what exactly has been happening at all those meetings, summits and D-Days?
Rob Johnson is a senior fellow and director of the Project on Global Finance at the Roosevelt Institute.
He told Channel 4 News: "It is taking so long because it is not a mechanical problem, it is a political problem within a currency union where the nations do not regard one another as true members who they have to take care of.
"Germans do not consider Greeks or the Portuguese as equal to themselves.
"The European Central Bank (ECB) does not want to do a massive back door bailout and because the financial sector is too powerful to be forced to recognise and bear the losses they should be made to take.
"It is also because financial regulators have tolerated an ungovernable system and they are terrified of what they would unleash in the derivative markets if they were to restructure these debts."
So why is German leader Angela Merkel feeling the heat more than the other leaders?
"Merkel is at the vulnerable point where to save Europe she has felt that she had to risk her own reelection," Johnson says.
"The crisis has now deepened to the point where she may need to risk disapproval in order to avoid a financial crisis that would doom her political future."
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