EU Economic Pact, December 2011

Published December 9, 2011

After EU Council summit talks in Brussels, at which France and Germany urged EU member states to overhaul EU treaties in an attempt to remedy the debt crisis, the UK opted out, citing the proposed financial services tax. The 17 Eurozone members and six other states agreed instead on this pact, reached on December 9, 2011, without the UK's participation.

More on This Topic

Op-Ed

What Hollande Must Tell Germany

Author: Martin Wolf
Financial Times

Martin Wolf argues that François Hollande can put the eurozone back on a path to prosperity by shifting German leaders' focus away from...

Op-Ed

Going Dutch

Author: Michael W. Hodin
Huffington Post

Michael W. Hodin says the most recent crisis in the Netherlands may actualy be an opportunity for the Dutch to provide an economic model for...