Draft of New European Treaty Sent to Governments

Published November 20, 2014

BRUSSELS -- European Union officials say that a first draft of a new treaty setting up tighter budget rules for eurozone countries has been sent to governments Friday.

The officials said that formal discussions on the new treaty with delegates from the national governments will start next Tuesday, with a second round of talks scheduled for the first week of January. The officials declined to be named in line with the EU's briefing policy.

The U.K., which was the only European country which has refused to sign up to the new intergovernmental treaty, will have observer status in the talks.

The new rules will apply to eurozone states once nine of the 17 have ratified it, while participating non-euro states can decide whether they want to submit to the new rules.

URL

https://www.foxnews.com/world/draft-of-new-european-treaty-sent-to-governments