Germany's Merkel: Eurozone deal a 'huge achievement'

It was billed as a last ditch effort to save the euro. Now 26 of the 27 EU nations are moving towards a new treaty that is expected to set strict controls on their spending.

German Chancellor Angela Merkel called the agreement a huge achievement following a eurozone summit on solving the region's fiscal crisis in Brussels.

Only Britain refused to be a part of the deal, creating a deep rift within the EU.

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[MrPeterdeeter100]

Merkel is a great leader in a difficult situation

[Keratoplastik]

@ZardexM I would not argue for prolonging the euro if i would think that it is a bad instrument for europe. The euro helps the european single market, it makes europe more independent from currency policies decided in Washington or Beijing and finally it inevitable forces all member states to cooperate politically (what we have seen now). I think these are effects are positive for europe as a whole. Now, what do you mean by "facing the reality"?

[financialtools1]

3 top Credit Rating Agencies , after bringing the world economy in 2008-'11 to near collapse w/ AAA ratings on junk-mortgages-securities of no-value except bonuses-fees for Bankers-Hedge-Funds, now they are pushing Europa Bonds-Debt down using neocon media ? and dividing Europa against U.K.? Let's clean up all Banks without bonuses+let's create 15 million jobs w/Solar/Wind/Wave,hybrid-elect­ric plug-in cars/trucks/bicycles,nano-fuel­-cells,fusion,natural organic farms,financialtools1.blogspot­.com

[ukusapillage]

what this crap was was bsically germany andf french making smaller countrys open their borders so products could come in and desmatle their industry in exhcange for peanuts, now they made their money countrys are bankrupt now they are going to let the smaller ones go down... this was all about getting the markets dfor their companys nothing less the money they give went not directly but anyway to their companys this was a robbery from the beggning, sm,aller economys loss with this, went bankrupt

[ZardexM]

@Keratoplastik They do not even try to save Europe from what is in fact the problem. Imbalanced economies and sick debt markets from that imbalance.

The EU is led by either morons who are unwittingly, or banksters who are deliberately destroying the economy of the Euro area by austerity when in fact the only thing that could save the area is increasing public spending and fueling economic and social health enhancements.

The austerity+debt will doom EU to deflationary recession.

[wifferste]

Sounds good, provided they don't run out of time.

[wifferste]

How many council meetings do these guys need? Establish new trust? Seems they are only worried about creating perception. Sounds a lot like wishful thinking to me.

[Martialartyogi]

@Keratoplastik Its hard not to notice that banks are above the law,and everyone else is supposed to bow to outside forces

[Bottlekiller]

Would.