A breakthrough of sorts has arrived in the European debt crisis, as eurozone leaders worked into early Friday morning to finalize a make-or-break deal. An agreement was reached at 5 a.m. that will create a new European Union treaty and stands to significantly rearrange how the European project works. But already there are problems, starting with the fact that Great Britain refuses to sign the agreement.
But this isn't exactly the first time that dramatic sounding news on the debt crisis has come out of Europe in recent weeks, so what does it mean this time?
The BBC has come up with a very handy way to explain the lastest plans to keep the eurozone from collapsing. Click on the image below to follow the link:
Sensing the magnitude of this morning's development - and perhaps the fact that not everyone is familiar with the intimate details of the Brussels negotiations - the Associated Press also sent out a helpful Q&A, via the Washington Post, which you can access by checking the link below.
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