Brussels Summit EU Agrees to Merkel's Controversial Euro Reforms

Angela Merkel's controversial ideas for a new bailout mechanism in the euro zone have been accepted by EU leaders. She may have lost friends, both at home and abroad, but her vision for a long-term plan to manage sovereign debt crises will be adopted in Brussels -- even if it requires "small" changes to the Lisbon Treaty.
German Chancellor Angela Merkel in Brussels, backed by French President Nicolas Sarkozy (left).

German Chancellor Angela Merkel in Brussels, backed by French President Nicolas Sarkozy (left).

Foto: YVES HERMAN/ REUTERS
msm -- with wires and reporting by Carsten Volkery