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    Brussels summit rejects EU-wide treaty change

    Al Jazeera English

    by Al Jazeera English

    A bid to change the EU treaty to resolve the eurozone debt crisis has foundered at a crunch summit in Brussels, after Britain refused to sign up without major concessions in return.

    French President Nicolas Sarkozy said the 17 nations in the eurozone would now press ahead to approve an inter-governmental treaty among themselves, setting a March deadline.

    Al Jazeera explain the financial implications of what has been agreed at the summit