News Summary: ECB chief: Euro setup unsustainable

VISION NEEDED: Mario Draghi, head of the European Central Bank, said Thursday that the 17-country euro currency union is unsustainable in its current form. He told EU leaders they must quickly come up with a broad vision for the future to get the bloc through the current financial crisis.

WEAK FOUNDATION: Draghi said Thursday that the crisis exposed the inadequacy of the framework for the euro monetary union, launched in 1999.

GOVERNMENT ACTION: It is now up to governments to chart a course by reducing deficits, carrying out reforms to spur growth and strengthen the euro's basic institutions, he said.