"I'm not looking for any substantive agreement that will change policy, " said Daniel Gros, director of the Centre for European Policy Studies in Brussels, Belgium.

CNN: Economic rifts loom as G-20 leaders meet

Daniel Gros of the Centre for European Policy Studies and Thomas Mayer of Deutsche Bank think the EFSF should be registered as a bank and allowed to borrow from the ECB, using the government bonds it buys as collateral.

ECONOMIST: The world economy

But, as Thomas Mayer and Daniel Gros identified in a recent paper for the Centre for European Policy Studies, this problem can't be solved by simply expanding the EFSF - and not just because it takes so long to do it.

BBC: Central banks and the 'spirit of 2008'

Partisan application "of the rules of the game would rapidly destroy their acceptability by the member states, " argued Philippe de Schoutheete, a former Belgian diplomat, and Stefano Micossi, a well-known Italian economist, in an essay published last month by the Centre for European Policy Studies.

WSJ: How the EU Commission Polices Is Critical

Italy, a founder member of the European Union, has returned to the centre of policy-making after the marginalisation and mockery of the Berlusconi years.

ECONOMIST: Charlemagne

Charles Grant from the Centre for European Reform describes the government's policy towards Europe as "doing as little as possible".

BBC: Europe��s state of anxiety