LONDON (AP) — A deal to get almost all EU countries to tie their economies closer together received some support in the markets on Friday, even though European leaders failed to reach unanimity on the plan, with Britain opposing the plan.
Following the summit, German Chancellor Angela Merkel confirmed Britain was the only country in the 27-nation European Union to hold out against supporting the new treaty.
The new treaty will penalize overspending governments in a bid to avoid a repeat of Europe's debt crisis. Germany and France, the two biggest economies in the 17-nation eurozone, had hoped to persuade the whole European Union to back a change to the current EU treaty. …
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