The official statement from the EU summit is a bureaucrat's dream of rules, triggers, levels,...

|By:, SA News Editor

The official statement from the EU summit is a bureaucrat's dream of rules, triggers, levels, and mechanisms. The proposal creates far stricter rules over member state budgets, with greater EU oversight over nations that stray, and looks like a first step towards ultimate fiscal union. It's not hard to see why the U.K.'s Cameron ran the other way.