At the end of January, European heads of state gathered for a European Council meeting to discuss the latest draft of the new fiscal compact, the treaty initiated by Angela Merkel and Nicolas Sarkozy at the previous summit in December 2011. With the exception of the UK, all member states have voiced their support of the fledgling agreement. As negotiations continue however, criticism of the new treaty (or inter-governmental agreement, as it more correctly termed) has poured in from all...
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