Only UK and Hungary certain to stay out of new grouping – and Sweden and Czech Republic may join them in two-tier EU

After 10 hours of talks 17 Eurozone members and six other countries decide to go ahead with a ‚fiscal pact‘

PM defiant as he declares: ‚I had to pursue Britain‘s interests… I effectively wielded the veto‘

French President Sarkozy says Cameron‘s demands were ‚unacceptable‘

William Hague: ‚We are not going to give up more of our power from the United Kingdom to the European Union, so in that sense we stand aside‘

Shares and commodities fall in Asia after meeting ends

Italian bond yields this morning rise above 7%