(BBC) – London – The UK scuttles hopes of an EU-wide pact after Prime Minister David Cameron had insisted on an exemption for the UK from some financial regulations. Instead, 23 states, including eurozone members, will adopt an accord with penalties for breaking deficit rules.
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EU-wide treaty change bid fails as London keeps hardline
Most EU members have agreed to a tax and budget pact to tackle the eurozone debt crisis, but a German and French attempt to get all 27 EU states to back changes to the union’s treaties was dropped after objections from the UK.