14
Dec
Following a two-day summit in Brussels focused on tackling the sovereign debtcrisis, European leaders agreed to draft a new treaty that will strengthen fiscal integration and enforce stricter financial discipline among European Union member states.
"The 17 Member States of the Eurozone and already many others are committed to a new fiscal compact," said President of the European Council, Herman Van Rompuy. President Van Rompuy stressed that the major decisions taken at the summit will help "safeguard the Eurozone,...