- Fiscal compact to restore trust among EUstates
Barroso:
- Fiscal treaty to restore stability in EU finances
- Treaty signals ‘irreversibility of euro’
- Europe ‘in better condition than before’
- But region is ‘not out of the woods’
- Spain promised to present budget in March
- Need Spanish budget before taking decisions
Stops been tripped down through 70 and 60 in EUR/USD. Apparently more through 50.
