First with draft outcomes from EU Summit

Reuters was alone on June 14 with first word of the draft conclusions for the June 18-19 EU summit, setting out the language EU leaders would use on their plans for approving changes to the financial regulatory system and their latest thoughts on how to combat the global economic crisis and climate change. That exclusive was followed up during the summit itself - key to setting the tone for how the EU handles the financial crisis in the next six months - with a 3 hour beat over the competition with the final version of the communique. In it, the EU sought to match the United States in overhauling financial regulation but the necessity of appeasing Britain meant the reforms were far more timid than those undertaken by Washington.