Europe's financial diet: EU signs crucial fiscal treaty
Hot on the heels of the ECB’s half-trillion-euro handout to 800 banks, 25 EU member states have signed a fiscal treaty committing them to balance their budgets. The move has stoked public anger, with anti-austerity rallies breaking out across Europe.
The controversial fiscal treaty has been signed at a European Union summit taking place on March 1-2 in Brussels. The agreement introduces new budgetary regulations to which signatories must strictly adhere. The document also carries automatic sanctions for any country failing to comply with the rules..... MORE
Source: RT.com
URL: http://rt.com/business/news/eu-summit-fiscal-treaty-573/
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