Here's a simplified schedule of the EU Summit this weekend — and Wednesday:
1) Tomorrow-Saturday: Eurogroup finance ministers meet
2) Saturday: Chancellor Merkel and President Sarkozy meet
3) Sunday: EU leaders meet. It appears no agreement will be formally announced, but leaders will huddle to discuss the "agreement in depth." Get that?
4) Wednesday: Call it Summit 2, a "definitive agreement" on bank recapitalization, the EFSF will be announced. That, according to a joint statement by Sarkozy and Merkel that was issued this afternoon.