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"Then, early March at the latest, this fiscal compact treaty will be signed"
- Van Rompuy, European Council President
All European Union member countries apart from Britain will sign a treaty on deeper fiscal integration within the block by March, said European Council President Van Rompuy on Tuesday, as the union strives to restore investor confidence.
"They recognize the euro is a common good," Van Rompuy said in a speech to the European Parliament in Strasbourg, commenting on the countries in the agreement. "Then, early March at the latest, this fiscal compact treaty will be signed."
"The United Kingdom, in exchange for giving its agreement, asked for a specific protocol on financial services which, as presented, was a risk to the integrity of the internal market," Barroso told parliament. "This made compromise impossible."