Friday, December 9, 2011

EU leaders back euro crisis pact, but Britain stays out

European Union leaders banded together Friday to back tighter budget policing in a desperate bid to save the eurozone, with Britain left isolated after it vetoed a new EU treaty.

After years of foot-dragging on deepening integration, 26 of the 27 EU states signalled their willingness to join a "new fiscal compact" to resolve the crisis threatening to crack apart the monetary union.


AFP