Split Summit The Birth of a Two-Speed Europe

At their Brussels summit, European leaders were able to agree on a fiscal union surprisingly quickly. But the new pact, which Chancellor Merkel had strongly advocated, has a crucial flaw -- Britain is not on board. Prime Minister David Cameron will not be able to prevent his country from becoming a second-class EU member.
French President Nicolas Sarkozy and German Chancellor Angela Merkel in Brussels: Merkel and Sarkozy can't be pleased with the outcome either.

French President Nicolas Sarkozy and German Chancellor Angela Merkel in Brussels: Merkel and Sarkozy can't be pleased with the outcome either.

Foto: YVES HERMAN/ REUTERS
Photo Gallery: Europe's Leaders to the Rescue
Foto: GEORGES GOBET/ AFP
Fotostrecke

Photo Gallery: Europe's Leaders to the Rescue

Photo Gallery: British Press Reacts to Cameron's Veto
Fotostrecke

Photo Gallery: British Press Reacts to Cameron's Veto