Van Rompuy: This treaty will lead to growth and jobs

President of the European Council Herman Van Rompuy says the new treaty will prevent another sovereign debt crisis, as David Cameron is only one of two EU leaders to refuse to sign:

"This stronger self-constraint by each and everyone of you as regards debts and deficits is important in itself.

"It helps prevent a repetition of the sovereign debt crisis. It will thus also reinforce trust among Member States, which is politically important as well.

"The restoration of confidence in the future of the Eurozone will lead to economic growth and jobs. This is our ultimate objective. The targets on deficits and debts are intermediate targets, no aim in itself."