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    EU leaders locked in late night crisis talks

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    Al Jazeera English

    by Al Jazeera English

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    European Union (EU) leaders are locked in late night crisis talks over treaty change at a crunch summit on the eurozone debt crisis with the aim of saving the single currency.

    The summit in Brussels was undermined early on Friday by a European Central Bank (ECB) warning that there will be no big boost in rescue funding.

    Leaders took tentative steps to implement a so-called "golden rule" asking countries to set balanced budgets until debt levels drop, although this was only agreed "in principle" with political wriggle room remaining, diplomats said.