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EU fiscal treaty details 'escape clause:' report

EU fiscal treaty details 'escape clause:' report (by MarketWatch)

FRANKFURT (MarketWatch) -- A draft of a new treaty on European Union fiscal rules would let euro-zone members run budget deficits only during severe economic downturns or other extraordinary events, Reuters reported Wednesday. The draft also removes a call that countries signing the pact agree to deeper integration in the single market, which had met objections from Britain, the report said.

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EU fiscal treaty details 'escape clause:' report
Merkel: Germany may put more funds into ESM *PIC*