The Daily Telegraph reports: "European leaders will redraft key treaties to ensure that beleaguered economies cannot borrow or spend too much in future as a condition of receiving billions of euros in rescue packages."

Bill Cash was quoted as saying: "Despite all the talk about it being a limited treaty change this is real fundamental change," Moreover, he said "Germany is pushing with determination to have a Europe made in its own image. The changes are a fundamental change in the relationship between Britain and Europe. A referendum is absolutely demanded."