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alp227

(32,084 posts) Thu Jun 28, 2012, 02:32 PM Jun 2012

David Cameron prepared to wield UK veto in eurozone negotiations

Source: The guardian

David Cameron has indicated that he is prepared to wield Britain's EU veto again as he seeks to protect the City of London in negotiations to shore up the eurozone.

As he arrived at the EU summit in Brussels, where eurozone leaders will discuss plans to introduce greater fiscal co-ordination, the prime minister said that he would demand "safeguards".

Cameron and George Osborne believe it is in Britain's national interests for eurozone leaders to follow the "remorseless logic" of monetary union and take decisive steps towards a fiscal union.

The prime minister believes the single currency will be unsustainable without fiscal transfers from the prosperous –and fiscally disciplined –north to the less prosperous and less disciplined south.

Read more: http://www.guardian.co.uk/world/2012/jun/28/david-cameron-veto-eurozone-negotiations

3 replies

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David Cameron prepared to wield UK veto in eurozone negotiations (Original Post) alp227 Jun 2012 OP

Cameron's job #1 - protect the UK's Wall Street (City of London). pampango Jun 2012 #1

"Safeguards" Is Political Speak For Controls DallasNE Jun 2012 #2

I was going to reply to the OP Prophet 451 Jun 2012 #3

pampango

(24,692 posts)

1. Cameron's job #1 - protect the UK's Wall Street (City of London).

Reply to alp227 (Original post)

Thu Jun 28, 2012, 02:51 PM

Jun 2012

Plus Cameron's got his really conservative back benchers who want the UK out of the EU altogether. He has both the financial sector and the conservative populist wing of the Tory party lobbying him to weaken the EU as much as possible.

DallasNE

(7,404 posts)

2. "Safeguards" Is Political Speak For Controls

Reply to alp227 (Original post)

Thu Jun 28, 2012, 04:50 PM

Jun 2012

What they are looking for are spending controls and that translates into more austerity. In other words they are doubling down on a policy that has already shown itself to be unworkable.

Prophet 451

(9,796 posts)

3. I was going to reply to the OP

Reply to DallasNE (Reply #2)

Fri Jun 29, 2012, 03:18 AM

Jun 2012

but you made it superfluous.

Cameron is such an arsehole.

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