EU members agreed on closer fiscal ties without the UK

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Source: BBC
© Scanpix/AP

The majority of the EU members agreed to tax and budget pact to handle the region debt crisis. France's and Germany's attempt to involve all member states in the pact was failed due to UK and several other EU members' opposition. Finally, 23 states including all Eurozone members agreed to introduce sanctions for exceeding the deficit limit.

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Fri, 09 Dec 2011 13:46:04 GMT

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