Annual euro-pact summits will see refuseniks asked to leave the room

Every year in the spring, governments that have signed on to the 'euro-plus pact' will hold a summit to take stock of its implementation, give management to new European economic governance and to deliver the 'peer pressure' needed to bring into line those countries that have not achieved the correct amount of ambition.

With 23 of the EU's member states now signed on to the pact for the euro, not just the 17 countries that use the single currency, the format for the summit will be '27-m...