Euro fiscal pact agreed, but Greece still unsolved - EUX.TV report

This summit clearly belonged to Angela Merkel. The German chancellor on Monday managed to get 25 of the 27 EU countries to sign up to a new EU treaty that will create tougher fiscal rules to support the euro. At the same time, the EU , finally is getting serious about tackling youth unemployment.

Quote Angela Merkel

Before getting France to commit to the new fiscal treaty, Merkel had to back off on a controversial German proposal to give the EU a veto on Greek government spending decisions made in Athens.

Quote Nicolas Sarkozy

The Greek situation was only discussed in the margins of the summit. It will be the main topic of the next EU summit, on the first of March, giving all parties involved more time to sort out the problems.

The new EU treaty will be signed at the next summit in March. The two countries that are not going to sign the new EU fiscal treaty are the Czech Republic and the United Kingdom.

Quote David Cameron

The European Parliament also wants a say in the new Treaty.

Quote Rebecca Harms MEP
Quote Guy Verhofstadt MEP

The stricter EU budget rules are supposed to come into force in July, after national parliaments in at least 12 of the 25 countries have ratified it. From then, EU governments can find themselves in court if they spend more money than they are supposed to.

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[FKTHPOPE]

TO HELL WITH THE POPE'S E U , AND HIS DAMNED SUNDAY LAW .

HANG TRAITORS

[BugMagnet]

It is sad that we have to employ all of our diplomatic influence to get most eu countries to sign a treaty which is simply forbidding making absolute bogus out of the nations budget.

[BugMagnet]

@epdzful You are making it too simple. You can't say competition solves everything. If there are no buyers for certain goods they will not be produced and therefore no one will be employed to produce them. There is no magical way out of unemployment.

In the end we have to adapt the size of our society according to the job market.

[saltpeterjunky]

@epdzful That's why there are several political parties. They compete for the voters.

[epdzful]

There is a proposed alliance to break free.

Competition is the reason shops don't have shortages of products.

What if competition was used in government?

Imagine a society free from job shortages.

This type of competition/alliance would make everything better.

Click my username for the website link to the proposal.

[foolproofman]

Čechy do toho!

We should form some kind of alliance with Britain (in Czech Rep.) : "Break Free From Brussel Party"

BFFB

:-) Or something like that.