EU Deal Isolates Britain

    Britain's Prime Minister David Cameron answers questions during a press conference at the Government headquarters in Prague, Czech Republic, Thursday, June 23, 2011. Cameron is to Czech Republic for a one-day official visit. (AP Photo/Petr David Josek)

    Petr David Josek / AP Photo

    Britain won’t be coming closer with its neighbors: it refused to sign the European Union’s new treaty after Prime Minister David Cameron sought exemption from certain financial regulations. Twenty-six nations—as in every EU member except Britain—have agreed to the terms of the economic deal, including all 17 counties that use the euro, but it still fell short of the unanimity that France and Germany desired. It’s unclear still how the rules will be enforced; the participating countries said they hope to ratify the new treaty by March.

    Read it at BBC