Monday, 5 March 2012

Europe leaders sign pact on fiscal restraint, but doubt remains

The EU pact is the linchpin of a German-led strategy for resolving Europe's stubborn debt crisis and for preventing a recurrence. Lawmakers still must OK it.

European leaders signed a new treaty Friday committing their countries to balanced budgets and low levels of debt, but clouds of doubt hovered over the agreement even before the ink had dried.


Source: http://feeds.latimes.com/~r/latimes/news/nationworld/world/~3/Eqw1LNJjvVM/la-fg-eu-deficit-pact-20120303,0,7076812.story

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