On the new treaty:
These talks included Britain, sitting as an "observer" after London vetoed plans for a new EU treaty at a December 9 summit designed to chart a way out of the eurozone debt crisis, fearing Brussels would encroach on its powers.
The agreement notably allows any other EU state signing up to the new fiscal union to take another state before the European Court of Justice if it did not meet the new demand for all members to adopt balanced budgets.
"I do not see myself going off to sell to my fellow citizens a Europe that behaves in this way," Goulard said.
"To say 'it's Europe or democracy,' I do not agree," she said, adding: "We are in the midst of creating a monster.
"Will a single Chinese or American investor be reassured when reading this treaty?" she asked.