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EU treaty: Growth and jobs 'ultimate objective'

2 March 2012 Last updated at 10:13 GMT

All but two of the EU's 27 leaders have signed a new treaty to enforce budget discipline within the bloc.

The "fiscal compact" aims to prevent the 17 eurozone countries again running up huge debts.

In a speech at the signing ceremony, President of the European Council, Herman Van Rompuy, said: "The restoration of confidence in the future of the eurozone will lead to economic growth and jobs."