Showing posts with label Europe. Show all posts
Showing posts with label Europe. Show all posts
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In a bid to resolve the crisis, a majority of European leaders in December reached a deal for a new intergovernmental treaty to deepen the integration of national budgets. Britain refused to back the agreement while three other countries -- Hungary, Sweden and the Czech Republic -- said they would consider the plan.
Just one decade after the European single currency was launched amid fanfare and fireworks, its future continues to look uncertain as the debt crisis that engulfed Greece, Ireland and Portugal threatens the entire bloc -- and the wider global economy.
In a bid to resolve the crisis, a majority of European leaders in December reached a deal for a new intergovernmental treaty to deepen the integration of national budgets. Britain refused to back the agreement while three other countries -- Hungary, Sweden and the Czech Republic -- said they would consider the plan.
