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Most of the EU supports a new Treaty for the block

posted on: Dec 10 2011 8:52 by RDugey. Viewed 12 times.

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The President of the European Union stated yesterday that 26 of its 27 Member States are willing to join a new treaty linking their finances to try to resolve the crisis in the euro.

Only Britain stands opposite, creating a gap in the Union.

In negotiating marathon that spread beyond midnight on Thursday, the 17 countries of the euro area persuaded gradually others to consider joining the new Treaty who plan to create. Some of these countries could face parliamentary opposition to the Treaty, which would allow a European supervision unprecedented on his budgets.

"With the exception of one, all are considering participation", said the President of the EU Herman Van Rompuy in statements to reporters.

A document released near the end of a Summit on Friday said that the leaders of nine of the 10 countries of the EU that do not use the euro "indicated the" u000a"possibility of taking part in the process after consulting their parliaments".

When drafting the new Treaty, countries expect long-term help European countries burdened with large public debts, and in this regard there were early signs of success. An agreement is thus considered necessary before the European Central Bank and other institutions to devote more money to lower the costs of credit to Nations heavily indebted, such as Italy and Spain.

"Is a very good result for the euro area," said the President of the Banco Central European Mario Draghi in Brussels. "It will lay the groundwork for a much more disciplined economic policy in the Nations of the euro." "And certainly will be useful in the current situation".

Shares and the euro came up with the news of the new Treaty, despite the fact that only offers a long-term solution and not an immediate departure to the crisis which began in Greece and then sank to the u000aeurozone and now threatens the global economy.



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