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Transcripts For CNNW World Business Today 20111209

they got their fiscal house in order. euro zone leaders wanted a treaty change signed by up a27 eu nations. at 5:00 a.m. in brussels, a weary nicolas sarkozy confirmed that britain was not playing ball. translator: david cameron requested something which we all considered unacceptable, namely that there be a protocol written into the treaty which enabled the uk to opt out of a certain number of rules applying to financial services. we re not able to accept that. we consider quite the contrary. so the 17 euro zone members along with 6 others in favor must now press on with what s being called an intergovernmental agreement. their goals, well, to introduce binding control on the budgets of those 17 countries, also to implement a new fund known as the european stability mechanism capped at 500 billion euros by july. to lend a further 200 billion euros to the imf with a view to supporting nations in need. and already the ecb s guidance to steer the current bailout fund, the e

Detailed text transcripts for TV channel - FOXNEWS - 20100423:07:06:00

from westminster to brussels. we passed too much power over and we need to take some back. i want us to be in europe, but not run by europe. you will hear big differences between he between me and the other two two parties. i don t want us to join the ear row. i want us to keep the pound as our currency. i want to make sure we get value for money. i want to cut some of the beurocracy, the rules and rec lagses that i think regulations that draws it so mad. that s what you get from a conservative government in europe. and for those who say this is isolation, i say nonence is. president sarkozy of france, he stands up for france. i would do exactly the same for britain in europe. thank you. nick, clegg. i worked for the man who sent margaret thatcher to battle for britain in brussels. what i learned when i was there was this: the european union is not perfect. of course not. this is a club that took 15

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