As doubts emerged in several countries over whether an agreement struck late last week will ever come into force, Germany’s Angela Merkel sent the euro into a tailspin as she ruled out beefing up a bailout fund for debt-stricken eurozone economies.
Ratification of a deal creating an effective single EU economic government appeared fraught with difficulty last night in Sweden, Holland, Denmark, Finland and the Czech Republic.
There are even doubts over whether France will implement the package after its main opposition party – currently on course to oust Nicolas Sarkozy in elections in April – rejected the deal. Read More