EU’s Treaty Plans Are Far From Done Deal, Handelsblatt Reports

German- and French-led plans to amend European Union rules to help combat the debt crisis face misgivings from the European Commission and potentially from some other member states, the Handelsblatt newspaper said.

German Chancellor Angela Merkel favors one accord to accommodate both the setting-up of a permanent bailout fund and to usher in new stringent budget constraints on euro-region countries, while the commission wants two separate treaties, the newspaper reported, citing EU President Herman van Rompuy.

At the same time, it is not certain that all of the 26 states that provisionally agreed to make treaty changes at last week’s Brussels summit will finally ratify those changes, the newspaper said, without citing a source.

To contact the reporter on this story: Brian Parkin in Berlin at bparkin@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net

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