All but two European leaders sign fiscal treaty
All EU 27 states but UK and Czech Republic have signed a new treaty to enforce budget discipline within the bloc.
(BBC NEWS) London - The "fiscal compact" aims to prevent the 17 eurozone states running up huge debts like those which sparked the Greek, Irish and Portuguese bailouts.
To take effect, the pact must be ratified by 12 eurozone states.
UK Prime Minister David Cameron, who with the Czechs refused to sign, said his proposals for cutting red tape and promoting business had been ignored.