No, no, no
December 10, 2011 8:05 PM Subscribe
posted by KokuRyu (96 comments total)
26 users marked this as a favorite
The European Union said Friday that 26 of its 27 member countries are open to joining a new treaty tying their finances together to solve the euro crisis. Only Britain remains opposed, creating a deep rift in the union
. In all, just 23 of the 27 EU countries signed on outright to draft a new treaty binding them to a uniform regime of deficit controls and budget regulation.
Only one country said no: Britain. Three more say they are open to the idea.
Cameron used his power of veto after EU leaders, let by Sarkozy, refused to bow to his demands for special safeguards for the City of London (Britain's financial centre that is estimated to contribute 10% of British tax revenue). Some say prime minister David Cameron has caused the EU to fracture
Timothy Garton Ash says David Cameron's 'no' is bad for Britain and for Europe
. The Guardian also predicts David Cameron's long night in Brussels may rearrange British politics
- Not since Margaret Thatcher gave the House of Commons her reaction – "No, no, no" – to calls from Europe for more integration 21 years ago has the belligerence of a UK prime minister been the subject of such heated debate and controversy.
Deputy prime minister and coalition government partner Nick Clegg, and senior Liberal Democrats have turned dramatically on David Cameron over Europe
, accusing the prime minister of endangering the interests of the British economy, just 24 hours after appearing to back Cameron.
The problem? UK firms will find it more difficult to export to Europe
at a time when the British economy is expected to contract. As well, Britain now has no say
over new laws, rules, and regulations that will affect it in the future.
The Telegraph, which traditionally (but not always) supports the Conservatives, says the PM has shown great political courage. Now he must make sure that No doesn’t become Yes
Another Telegraph columnist says the leaders of France and Germany have more or less bulldozed Britain out of the European Union for the sake of a treaty that offers absolutely no solution to the crisis at hand, or indeed any future crisis. It is EU institutional chair shuffling at its worst, with venom for good measure.
A Guardian cartoon
Surely it's the Continent that's isolated, not Britain ?
No one despises Cameron more than I, but he had few options on this occasion. While I think it would be better in the long run if he destroyed the City and all its works, you could hardly expect him to see it that way. Why do you think Gordon Brown gave the banks billions of our cash, rather than nationalising them without compensation and jailing their executives - which is what I'd have liked. He wanted to restart the tax flow ...
In Europe, prominent members of the European Parliament have strongly criticized the British prime minister and sent him a clear message: Europe doesn't need you