Saturday, December 17, 2011

EU budget busters may face court under new deal

A new agreement to push eurozone countries to rein in debt, due to be ready for signing in March, could allow Germany or any other country to drag violators before the European Court of Justice.

An EU official said Friday that negotiations will begin Tuesday between representatives of the 27 European Union states -- including Britain, which still refuses to sign up to the so-called "fiscal compact" agreed at an EU summit on December 9.

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AFP