EU Summit underway in Brussels

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