Prime Minister David Cameron seeks to claw back powers after 'remorseless logic of having a single currency' forces Germany to accede to Italian and Spanish demands for eurozone aid to cut borrowing costs.
British Prime Minister David Cameron said Tuesday he would block a new European Union treaty proposed by France and Germany aimed at saving the euro, if London's demands are not met.He said if eurozone countries wanted to use "European institutions" to rescue the single currency, they would have to agree to safeguards demanded by Britain, which has not adopted the euro.Cameron has come under huge pressure from the right wing of his Conservative Party to claw back powers from Brussels if the EU were to negotiate a new treaty.
The political rift between the UK Prime Minister David Cameron (Conservative) and the Deputy Prime Minister Nick Cleg (Liberal Democrat) widened into a public feud over Cameron's refusal to sign the Merkozy accord.
The Deputy Prime Minister says U.K. Coalition Breakup Over EU Would Cause Economic ‘Disaster’
BIRMINGHAM, England (Reuters) - A referendum on Britain's ties with the European Union would be the best way of agreeing a fresh settlement with the 27-member bloc, Prime Minister David Cameron said on Tuesday, as pressure mounts within his party for a vote. The Conservative Party's restive "eurosceptic" right wing is clamouring to claw back powers from Brussels. Some want a simple vote on staying in the EU or leaving, fearing that the party could lose votes to the anti-Europe UK Independence Party at the 2015 election. ...
Plans to cut debt have failed nearly everywhere I look.
Greece is obvious enough and a government collapsed over it.
Spain is obvious enough and a government collapsed over it.
Italy is obvious enough and a government collapsed over it.
Portugal is obvious enough and a government collapsed over it.
US is obvious enough and the failure of the super-committee to come to agreement is proof enough
The UK had been expected to have a voter referendum on proposed EU treaty changes. The EU of course does not want voter referendums or anything that look remotely democratic as we have seen by actions in Greece and Italy.
Deal or No Deal?