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Merkel and Van Rompuy - the treaty was drafted under heavy influence from Berlin (Photo: consilium.europa.eu)

Twenty five EU leaders sign German-model fiscal treaty

Germany's vision of an EU of fiscally prudent states held in check by tight budgetary laws and the threat of legal action came a step closer on Friday (2 March) when 25 leaders signed a new treaty on fiscal discipline.

In a low-key signing ceremony, all countries except the UK and the Czech Republic, became signatories to the 16-article pact, which, after going under a variety of monikers, has now been lumbered with the title "Treaty on stability, co-ordination and governance in the eco...

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Merkel and Van Rompuy - the treaty was drafted under heavy influence from Berlin (Photo: consilium.europa.eu)

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