The Euro fix is a proposal for a Treaty change to make Euro area countries borrow less. Apparently if they do not comply they will be fined. The fines, I assume, will be paid for out of extra loans advaced to these countries by the EU, or perhaps the IMF!
Are they going to make Italy and Belgium get their debt to GDP ratio down to 60%, as required by the original scheme? How will they get Greece’s running deficit down to 3%? How do they get growth going in these countries without devaluation and lower tax rates?
Meanwhile some seem disturbed by the thought the 17 might have a new Treaty together, excluding the UK. If only. If they did that none of the new crazy measures they imposed on themselves would apply to the UK.