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Significance

Leaders have tried to put a positive spin on the inconclusive result, insisting they outlined the main principles of a deal and would work out details over the next ten days before convening again at the scheduled March 17-18 European Council summit to conclude an agreement.

Impacts

EU leaders are desperate to find a common approach to the refugee crisis before it leads to complete unravelling of the Schengen area.

Such leaders as Germany's Merkel face huge political pressure to reduce the refugee influx which is fuelling support for extremist parties.

If the plan works, it may lift the severe pressure on Greece by reducing the inflow of migrants and allowing relocation in the EU.

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