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New European pact to save the euro faces UK concerns, waning market confidence

LONDON — British Prime Minister David Cameron warned that Europe’s new fiscal pact, aimed at fixing the euro, faces significant political hurdles, while investors and ratings agencies said the deal was insufficient to fix the continent’s debt problems.

Cameron, who was the only leader among the 27 European Union members to refuse last week to consider a plan to tighten budget controls, warned the deal could clash with existing EU rules and that it could take months of negotiations to sort the conflicts.

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