Friday, December 9, 2011

EU treaty change sinks in debt summit clash

Feuding European Union leaders failed Friday to agree a new treaty to tackle the debt crisis and instead decided to work on a separate pact for the eurozone, leaving Britain out in the cold.

A clash between Europe's big three, non-euro Britain versus France and Germany, overshadowed a pledge to pump 200 billion euros ($267 billion) into IMF coffers to help the eurozone, which is struggling to boost its own rescue fund.



AFP