(CNN) - London The new European Treaty - nicknamed the "tax compact" - is facing some hard realities on the ground. Signs that the agreement could be difficult to switch to euro and yield emerging country.
In Warsaw, demonstrators are are aligned against, among other things, tacit agreement of the Poland in losing some sovereignty to join the club of European Treaty. In London, political wrangling continues over British Prime Minister David Cameron to the European Agreement veto.
In Ireland, a referendum can must take, with the Irish Minister Enda Kenny noting certain legal considerations and detailed techniques are still to be clarified. Anders Borg Swedish Finance Minister, said the country - that is not using the euro - not all the rules of budgetary discipline accept. And Czech Prime Minister Petr Necas, indicated that the proposed Pact is still just an empty piece of paper.
In Germany, Chancellor Angela Merkel said the Bundestag the path to stability continued. In Italy, the new Prime Minister Mario Monti said that the transaction had done enough to calm markets.
But on Wednesday, U.S. stocks falls, the euro fell to its lowest level in 11 months and Italian bond yields rose.
European leaders promised to sign on this tax compact at the Summit of the leaders of its next in March. The markets will give them the time to complete the details... and cracks?
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