Eurozone leaders may have bought themselves a little time but what happens next will have profound implications for both democracy and the future of the European project. That's the view of the BBC's Europe Editor, Gavin Hewitt, who was one of the speakers at a Big Stories seminar on the EU and the Eurozone chaired by BBC Director of News Helen Boaden.
The past 18 months have been full of summits and meetings to rescue the European single currency, but there are several key tests looming. In these videos, you can hear the views of some of the BBC specialists who've been covering the Euro story:
Gavin Hewitt begins by exploring the domestic challenges facing the woman he calls the EU's most important leader, Angela Merkel, and the growing divergence between the views of many of Europe's political elites and its citizens.
The BBC's Chief Economics Correspondent, Hugh Pym, says there's now a "mainstream assumption" that Greece will default on its debt. More than anything, he argues, this crisis is all about the health of the Eurozone banks.
Business Correspondent Jonty Bloom looks at the historical legacy behind the single currency and the role of the "grand idea" in EU policy making.
The UK's global role is analysed by Diplomatic Correspondent Bridget Kendall. She argues that the current crisis isn't just about politics and finance - it's also about a bigger shift away from the West to the emerging economies in the East and the South.
And Chief Political Correspondent Norman Smith spells out why he believes the Eurozone story will be a very big domestic issue for the Westminster government over the coming months.