EU leaders hold debt crisis summit – again European leaders are holding their 17th summit in two a long time as the bloc battles to resolve its sovereign debt issues. In Brussels 26 of the 27 members are expected to sign up to a fiscal treaty like a balanced budget rule written into constitutions. Even so Britain will not be incorporated as its government has rejected the move. Then there is the creation of a long term rescue fund. Everybody is expected to sign a treaty making the European Stability Mechanism – which is due to turn out to be operational in July.
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