Greater budget discipline, stricter controls, and a form of fiscal union - but not all EU members want to be on board. The finance summit in Brussels has left the EU divided - with Britain refusing to agree to the compact. Meanwhile the problems of the indebted European members remain unsolved and the euro is not out of danger yet.
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The flip-flops of the eurozone crisis are affecting the German economy. Manfred Böttcher and Friedrich Görtz, both of whom run family-owned businesses in Hamburg, earn their money through trade with other countries. What do they think of the results of the EU summit?