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COMPROMISE Euro Leaders Agree on New Treaty Michael Probst / AP Photo

Euro Leaders Agree on New Treaty

A long day of deliberation ended with European leaders agreeing to form a new treaty that will include 17 euro states and 6 other E.U. members. The signatories of the accord, which will likely  be ready by March, will provide the International Monetary Fund with euro200 billion ($268 billion). Officials have gathered in Brussels to discuss a plan spearheaded by France and Germany on how to discipline euro zone countries for overspending. The meeting went late into the night before Germany and France conceded to allow a new treaty to be formed without the agreement of all 27 nations.

December 8, 2011 11:56 PM