Euro Treaty Takes Shape, But Without Britain

By Bruce Crumley | December 9, 2011 | +

Despite their much-anticipated announcement early Friday of a crucial pact to confront Europe’s surging debt crisis, the leaders who agreed to the deal might want to consider re-naming their mutual club the European Disunion all the same. Because while the main focus of the accord was supposed to be the sweeping debt-reduction rules to which signatories will bind themselves, most of the attention was instead directed to the four countries — led by Britain — that refused or hesitated to join their 23 European partners in the new effort to quell the region’s financial and economic turmoil. And in agreeing to disagree on the new treaty, leaders made it clear that the European Union is far from unified, even in crisis.

Read the rest of the story here.

Related Topics: debt crisis, euro, Merkel, Sarkozy, U.K., Uncategorized

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