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EU leaders OK new budget measures

All European Union countries except Britain and the Czech Republic agreed Jan. 30 in Brussels to sign a new treaty designed to stop overspending in the eurozone and put an end to the bloc's crippling debt crisis.

The new treaty, known as the fiscal compact, was agreed to at a summit of European leaders in Brussels on Jan. 30. It includes strict debt brakes and makes it more difficult for deficit sinners to escape sanctions. The 17 countries in the eurozone hope the tighter rules will restore confidence in their joint currency and convince investors that all of them will get their debts under control. (AP)

Shukan ST: FEBRUARY 10, 2012

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World News EU leaders OK new budget measures All European Union countries except Britain and the Czech Republic agreed Jan. 30 in Brussels to sign a new treaty designed to stop overspending in the eurozone and put an end to the bloc's crippling debt crisis. The new treaty, known as the fiscal compact, was agreed to at a summit of European leaders in Brussels on Jan. 30. It includes strict debt brakes and makes it more difficult for deficit sinners to escape sanctions. The 17 countries in the eurozone hope the tighter rules will restore confidence in their joint currency and convince investors that all of them will get their debts under control. (AP) Shukan ST: FEBRUARY 10, 2012 (C) All rights reserved