Reuters - Video

Edition: US | UK | IN | CN | JP

video Video

Bernanke steps into the spotlight
Bernanke steps into the spotlight - 02:13
The official royal wedding guest list revealed
The official royal wedding guest list revealed - 01:23
Shuttle astronauts arrive at Cape Canaveral
Shuttle astronauts arrive at Cape Canaveral - 01:18
Waiting for Bernanke
Waiting for Bernanke - 01:51
Hospital staff flee border fighting
Hospital staff flee border fighting - 01:10
Thousands at Sai Baba funeral
Thousands at Sai Baba funeral - 01:03
Al Qaeda releases hostage messages
Al Qaeda releases hostage messages - 01:43
Obama calls birth controversy \
Obama calls birth controversy "distracting" - 05:29
Three blasts hit Kirkuk
Three blasts hit Kirkuk - 01:25
Protests intensify in Yemen
Protests intensify in Yemen - 01:24
Border clashes displace thousands
Border clashes displace thousands - 01:50
S&P Credit Rating Warning Helpful - Lister
S&P Credit Rating Warning Helpful - Lister - 00:53

EU split over new treaty

Friday, December 09, 2011 - 01:43

Dec. 9 - Britain and Hungary exclude themselves from new EU treaty as Nicolas Sarkozy says those in the euro must do all they can to save the currency. Lily Grimes reports.

▲ Hide Transcript

▶ View Transcript

An historic rift within the European Union led to a long night of negotiations. But early on Friday EU leaders announced they had found a solution. The majority want tighter integration with stricter budget rules but Britain's prime minister dug his heels in. (SOUNDBITE) (French) FRENCH PRESIDENT NICOLAS SARKOZY SAYING: "David Cameron asked for something that we all thought was unacceptable: a protocol in the treaty that would allow the United Kingdom to be exempt from a certain number of regulations on financial services. We weren't able to accept that because we consider on the contrary that a good part of the worries of the world comes from the deregulation of financial services." Those countries within the euro will now work on an intergovernmental treaty that excludes Britain and Hungary. In his defence David Cameron said tension between those in and those out of the single currency is inevitable. (SOUNDBITE) (English) BRITISH PRIME MINISTER DAVID CAMERON SAYING: "And so I think the idea of Europe being more of a network where you choose the organisations you join and you choose those organisations you don't join, is actually a way that Britain can get what we want and what we need." Germany's Angela Merkel was upbeat about the outcome saying the new agreement would bring stronger rules and more coherence in Europe. This is the eighth crisis summit this year as leaders fight to save the single currency. Lily Grimes, Reuters

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Close

EU split over new treaty

Friday, December 09, 2011 - 01:43

Featured Videos

'Smart' windows will lower heating costs, say researchers

'Smart' windows will lower heating costs, say researchers

Researchers at Eindhoven University of Technology have designed smart reflective windows that act as blinds in the summer and let all the sunlight through during the winter
Top surfers take part in test competition at "Surf Ranch"

Top surfers take part in test competition at "Surf Ranch"

Future is here for World Surf League as top surfers take part in test competition at ''Surf Ranch''
UK fishermen see Brexit boom, but there's a catch

UK fishermen see Brexit boom, but there's a catch

Britain's vote to leave the EU has cast a shadow over the future of Europe's fishermen who fear that the British government could take control of the fish-rich waters around the British Isles and kick Europeans out of their patch
Cape Town grain silo turned into Africa's largest art museum

Cape Town grain silo turned into Africa's largest art museum

What was an abandoned grain silo is now the largest museum of contemporary African art in Africa
Mostar's famous bridge stars in cliffdiving spectacle

Mostar's famous bridge stars in cliffdiving spectacle

Briton Gary Hunt and America's Cesilie Carlton take the honours in the Red Bull Cliffdiving championship round on Mostar's famous bridge