European Union nations — except Britain and the Czech Republic — have agreed to sign a treaty to enforce budget discipline in the Eurozone. European leaders meeting in Brussels Monday also promised to stimulate growth and create jobs.

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Czech Republic
Germany's Chancellor Angela Merkel
Eurozone
Nicolas Sarkozy
The only two nations that didn't support the pact were Britain and the Czech Republic. And I mean I hate to say it like this, but why does this matter? Well, it matters in the immediate sense because it's a victory for Germany's Chancellor Angela Merkel. She's been pressing really hard for this. In fact, she originally wanted to make it an EU treaty so that it would have more teeth, but the British vetoed that last month, causing quite a row. German domestic politics are in play here. The German taxpayers are getting fed up with bailing out Eurozone countries that have gone bust. And this treaty allows Merkel to say that nations won't be allowed to run up massive debts again. But there are obstacles in all this. You know, the treaty's not ratified and then an election's coming up in France. The president, Nicolas Sarkozy, might lose. His opponent's already talking about renegotiating the treaty. So you're talking about sort of future fixes there. Was there any progress in fixing Europe's current debt crisis?