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The quantum of impact of Euro zone crisis on markets here is yet to be measured.
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o Intergovernmental treaty that would require them to enforce stricter fiscal and financial discipline in their future budgets. o All 17 members of the European Union that use the euro agreed to the new treaty, along with six other countries who wish to join the currency union one day.
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Two countries, the Czech Republic and Sweden, said they would want to talk to their parties and parliaments at home before deciding. Hungary said it wanted to examine the details, leaving Britain isolated.
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A permanent 500 billion euro European Stability Mechanism would be put into effect a year early, by July 2012, and for a year, would run alongside the existing and temporary 440 billion euro European Financial Stability Facility, thus also increasing funds for the firewall.
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The leaders agreed to provide an additional 200 billion euros to the International Monetary Fund to help increase a "firewall" of money in European bailout funds to help cover Italy and Spain.
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