All EU countries – except Britain – have agreed on a new treaty for tighter fiscal discipline and deeper economic integration to save the euro currency. As attention turns to the legal details and ratification process, questions are raised, ‘what will happen to countries that fail to ratify?', with some fearing exclusion from 'the club'. Circumventing the British veto EU leaders led by France and Germany are pressing ahead with a new treaty of their own - an intergovernmental agreement outside the EU legal framework. The treaty text will be drafted by March 2012 and opened to ratification by countries outside the 17-member eurozone. Some commentators are saying, 'it's time for a two-speed even a three-speed Europe for anything constructive to get done.' Also Denmark took over EU rotating presidency last Sunday and will chair all decisions for the next 6 months.
Pray: for God in His mercy to influence all decision making processes in the first quarter of 2012 and for David Cameron to grow in wisdom and strength in the European arena. (Ps.2:10-12)