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Europe agrees new fiscal union treaty - without UK

After 10 hours of talks, all 17 countries that use the single currency and six others decided to negotiate a new agreement that will sit alongside the existing EU treaty.

Euro zone crisis summit: the spinning begins

Leaked reports, anonymous quotes and threats from Tory backbenchers fill the time while waiting for the leaders to make their decisions.
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The flowers aren't Angela Merkel just yet. These are for a cabinet colleague's birthday. Merkel's laurels may be presented if the EU summit endorses her plans for rescuing the euro (Sean Gallup/AFP/Getty Images)


At the press conference following their meeting Monday, German Chancellor Angela Merkel and French President Nicolas Sarkozy were deliberately vague about their agreed plan for saving the single currency.

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Euro crisis: a plan emerges

German Chancellor Angela Merkel calls for fiscal union to be agreed ASAP
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Angela Merkel prepares to tell the German Bundestag the only way out of the euro mess is through deeper fiscal ties with their more profligate European partners. (Sean Gallup/AFP/Getty Images)
Europe's Big Three: Merkel, Sarkozy and Draghi call for fiscal union to check the euro zone debt crisis.
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