As the Frankfurter Allgemeine newspaper reports, Merkel and Sarkozy were able to bring together a satisfying consenses for a new stability pact in the Euro-zone. According to the article, debates lasted an exhaustive ten hours until agreement was reached among 23 member states. Great Britain, which Pres. Sarkozy criticized for setting its demands too high during negotiations, has refused to sign the new pact.
http://www.faz.net/aktuell/wirtschaft/eu-gipfel-merkel-setzt-sich-weitgehend-durch-11556055.html
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