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UK: standing alone « Previous | |Next »
December 14, 2011

David Cameron, the UK Prime Minister, has been pleading for months with the eurozone countries to increase their fiscal disciple, then he says no to the EU's fiscal compact". The position of the UK Cameron government is that it requires a form of "exemption" for the City of London from the existing machinery for EU financial regulation.

SchrankTwoSpeedEurope.jpg Schrank

Britain's position is that it wants to enjoy the benefits of being part of a European single market for financial services but not subject to EU oversight or regulation. Currently it is now Britain vs the Rest on the fundamental issues of the survival of the euro and the EU itself.

On Europe the Liberal Democrats, Cameron's coalition partners are united. They are pro Europe wheres as the Conservatives are Eurosceptics. So where does that lead the Liberal Democrats?

| Posted by Gary Sauer-Thompson at 1:44 PM | | Comments (2)
Comments

Comments

An unemployment rate of 8.3 and looking to get worse. England must proceed with caution. The rioting can start very quickly and spread.

Cameron's argument is that if finance capital rules, then Britain must remain its most assiduous handmaiden.