As a major summit continues in Brussels, EU leaders' attempts to get all 27 EU states
to agree to changes to the bloc's treaties to tackle the eurozone crisis have failed.
Speaking after long talks in Brussels, French President Nicolas Sarkozy said the 17
eurozone states and six others would work on a separate pact instead. France and Germany
are pushing for tough new budgetary rules to be included in the accord, though British
Prime Minister David Cameron said an EU-wide deal isn’t in his country’s interests.After
nearly 10 hours of talks between EU leaders, Sarkozy said he would have preferred
a new treaty involving all 27 member states, and added that Hungary also decided to
remain outside the proposed treaty, while the Czech Republic and Sweden wanted first
to consult with their parliaments. He denied suggestions that the new treaty would
lead to a two-speed EU. EU leaders did, however, manage to agree on a ceiling for
the size of the euro-zone's bailout fund, saying it would be capped at 500 billion
euros. Listen