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Europe Weekly

EU Summit Special: Ratification Risks; UK Veto; IMF Fire Power; EZ Calendar

Following a proposal by Germany and France, at the December 9 EU Summit, all 27 EU countries—with the exception of the UK—agreed to draw up a new non-EU treaty aimed at increasing budgetary discipline with the help of constitutional debt and deficit limits, as well as semi-automatic sanctions against rule-breakers.

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