A New Economics for the EU

A New Economics for the EU

While David Cameron attends the quarterly summit meeting of EU leaders in Brussels this afternoon and tomorrow, discussions will be split between two seemingly rival agendas. One – promoted by Britain – seeks to limit the increase of the union's budget at a time of national spending cuts. The other – pushed by Germany and France – envisages a treaty change to impose tougher sanctions on over-spending members of the eurozone, in a bid to prevent another Greek-style sovereign debt crisis.

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