Chancellor Merkel is lowering expectations. The agenda has not yet been set. But the story of the past 18 months in Europe is that events have been driven not by politicians but markets. The markets drive and the politicians react.
When the 17 leaders of the countries that use the euro leave the Belgian capital they will all be watching and waiting for market reaction.
There is an oft-quoted story of a remark made by one of Bill Clinton's advisers, James Carville, also known as the Ragin' Cajun. He said that if there was reincarnation, he once "wanted to come back as the president or the Pope or a .400 baseball hitter. But now I want to come back as the bond market. You can intimidate everybody."
For more: BBC News - Bond markets: Villains or saviours?
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