What the EU deal means
It is too soon to say if this deal will do what it is supposed to: restore calm, writes Cliff Taylor.
Deal or no deal? was the question last week. This week there is a deal, but the question is: what does it mean? And can it finally end the instability which has been crippling Europe?
They have agreed - or rather most of them have - to conclude a formal intergovernmental agreement - or treaty - to control budget deficits and debt levels. This has been called a "fiscal pact", but really it is just...
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