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.
BRUSSELS: The European Union reacted to David Cameron's re-election on Friday by offering early talks on reform of the bloc and saying it was open to changes that would produce a "fair deal" for Britain. But while few in Brussels or other European capitals would relish a British exit after a referendum he has promised by 2017, the EU executive was quick to warn the prime minister not to push his luck and seek to revise treaties on free migration.
It is a distinct possibility that Britain could leave the European Union, when the Conservative party presents the country with an in-out referendum by 2017, as Prime Minister David Cameron is already failing to negotiate "a better deal" for the UK within the 28 member bloc.
The UK could be on the cusp of leaving the European Union as the latest poll shows that a majority of Britons do not believe that Prime Minister David Cameron can secure a "better deal" with the 28-nation bloc.