Monday, December 05, 2011

UK Coalition Government and New EU Treaty


Guardian: Reports that the UK Coalition PM David Cameron has stated that the main objective of UK interest will to protect the single market and to protect the financial sector in the UK. If the 17 States of the Euro do create a Treaty the UK will have to make sure that they cant backdoor a tax on the financial sector in the UK, don’t impose employment regulations that hurts the UK. The Conservative right wants a Referendum on any new Treaty, in most cases this blog would support such move, but this is not the time, should the Euro go down the toilet it will take the EU and more important the UK economy with it, thus battle this bush fire first, then deal with the EU. There will be more chance of battles folks. The French will needs us against the Germans, Paris in the long term wont want Berlin calling all the shots in the EU.

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