A majority of European leaders agreed early Friday on a new deal to try to resolve the continent's debt crisis, but some countries including Britain refused to back a broader treaty change. The 17 members of the eurozone, which share the embattled single currency, reached a deal for a new intergovernmental treaty to deepen the integration of national budgets.
Six other EU nations supported the deal. "We're doing everything we can to save the euro," President Nicolas Sarkozy of France said at a news conference in Brussels following a marathon summit meeting of EU leaders.
German Chancellor Angela Merkel called it a 'new beginning,' saying "We have achieved a breakthrough to a stability union. A fiscal union, or stability union as I call it, will be developed further, step by step in the years to come…."
http://money.cnn.com/2011/12/09/news/international/european_summit_debt/index.htm?iid=Popular
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