Perhaps the leaders were excited towards their August vacations. The phrase “Marshall plan” has disappeared with the winter. Without some kind of hope for growth, the Greek recession will continue to deepen, and this will continue weighing on the euro.

The original “Marshall Plan” was for Germany, now the master of the EU. The US and its allies learned the lesson of post WWI that led to the horrors of WWII and tried a different approach of recovering Germany. This was also part of the Cold War effort.