The European Union has staved off a meldown for now. December 12, 2011- On Monday, financial markets across Europe and Asia reacted negatively to the European Union’s landmark deal. European stocks were pushed lower and the euro lost value as many investors felt the sovereign debt crisis would get worse. On Friday, all countries in the EU agreed on the deal with the exception of Great Britain. The deal was to pursue a stronger fiscal union, provide strict budget regulations and provide the International...