• 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.