What’s in the new deal to save the euro?
December 9, 2011 by GABRIELE STEINHAUSER
All European Union states except Britain moved toward setting up a new treaty Friday, giving up crucial powers over their own budgets in an attempt to overcome a crippling debt crisis.
Q: Who’s in it?
A: All 17 countries that use the euro are definitely signing up. Nine non-euro states — Denmark, Latvia, Lithuania, Poland, Romania, Bulgaria, Hungary, Sweden and the Czech Republic — said they would consult their parliaments before joining in. In some of those countries, however, parliaments are less than enthusiastic.
Q: Who’s not in it?
A: The U.K. gave a clear “no” after it failed to get the eurozone to approve special safeguards for its financial center from EU regulation.
Q: Why did Europe need a new treaty?
crisis, economics, economy, foreign affairs, government
Uncommon Sense 
One thought on “Euro in crisis, new treaty on the way”