Latest News On The Eurozone Crisis
December 6, 2011 by staff
Latest News On The Eurozone Crisis, David Cameron has said he will not sign any reworked EU treaty designed to solve the eurozone crisis if it does not contain safeguards to protect British interests. The prime minister said there must be protection for the single market and the UK financial services sector. The EU treaty may be rewritten to achieve greater fiscal integration within the eurozone.
But that would require the agreement of all 27 members, including the UK. Meanwhile, Deputy Prime Minister Nick Clegg has told BBC Radio 5live the “hand on the clock is moving to the 59th minute” in the eurozone crisis.
Germany and France are developing a plan for greater fiscal integration among the eurozone’s 17 members ahead of a crucial meeting on Friday.
Mr Cameron said he would be there “to defend and promote British interests”, but stressed that the most important thing for Britain right now was to resolve the eurozone crisis.
“If they choose to use the European treaty to do that then obviously there will be British safeguards and British interests that I will want to insist on, and I won’t sign a treaty that doesn’t have those safeguards in it.”
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