What's Eating Europe?

A bid to change the EU treaty to resolve the eurozone debt crisis has foundered at a crunch summit in Brussels, after Britain refused to sign up without major concessions in return.

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Hungary had originally voiced its reluctance, while Sweden and the Czech Republic were undecided. But a statement said all nine non-euro nations had "indicated the possibility to take part in this process after consulting their parliaments where appropriate".

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The key item on the agenda during overnight talks was a Franco-German plan on a tighter fiscal controls with automatic penalties for eurozone nations that overspend.

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French President Nicolas Sarkozy said the 17 nations in the eurozone would now press ahead to approve an inter-governmental treaty among themselves, setting a March deadline.

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French President Nicolas Sarkozy said early he would have preferred a treaty among all the members of the EU, but he could not because of the British position. He said the new accord should be ready by March.

Sarkozy said "we could not accept" the British proposal that they be exempted from certain financial regulation because a lack of sufficient regulation caused the current problems.

  alJazeera

And thus, the seeds of the second Hundred Years War are planted.

...but hey, do what you want...you will anyway.