Most members of the European Union agreed on Friday to a new deal that will increase central control over individual government budgets. European leaders say 26 out of 27 EU member states have backed a tax and budget pact to tackle the euro zone debt crisis.
The plan is an effort to address the debt problems that have threatened the common euro currency and driven Europe into an economic crisis
All 17 EU members that use the euro agreed to the plan, promoted by Germany and France, after long negotiations at an EU summit in Brussels. Some non-euro zone countries also agreed.
However, Britain---the strongest of the 10 non-euro countries--- said it was still opposed. British Prime Minister David Cameron said Britain would not be part of a new EU treaty.
