Draft eurozone treaty pleases UK / Eurozone deficit limits flexible under draft

Article reported that a leak of the latest text of the draft new treaty on fiscal discipline on the 11 January 2012 (called formally the Draft Treaty on Stability, Coordination and Governance in the Economic and Monetary Union ) seemed to have given concessions to the United Kingdom government. Features give the details of the revised draft and the reactions of various parties.

EurActiv, 12.01.12: Tories claim victory as new treaty draft leaked http://www.euractiv.com/future-eu/parliament-rejects-new-fiscal-compact-draft-news-510100

EUObserver, 12.1.12: Softer draft of fiscal treaty opens door for UK http://euobserver.com/19/114825

ESO: Background Information: Merkel hails new eurozone treaty progress http://www.europeansources.info/record/merkel-hails-new-eurozone-treaty-progress/

---