I spotted this Tory Party survey share from August 2014. In reference to the survey question about Cameron/ Britains 2011 veto of the EU Fiscal Treaty, I comment as follows, including quotes from the relevant Guardian article shown in the link below: Camerons 2011 veto of the EU Fiscal Treaty was a grave mistake for Britain, with far reaching adverse international and diplomatic consequences. Why should Britains financial service sector have received special treatment and exemptions? Especially since it was the British Banks that played such a large part in the 2008 global financial crisis, and caused the huge bailout and economic consequences for which the majority ordinary British people will be paying over 10 years or more? Sharon Bowles, the Lib Dem MEP who chairs the European parliaments influential monetary affairs committee, accused Cameron of betraying British interests to curry favour with Tory Eurosceptics. The way in which the UK is isolated now is very damaging. We played, we lost, and now we are worse off, she told the BBC. The point of the summit in Brussels was to fix the eurozone. However, under pressure from Eurosceptics in his party, Cameron has decided effectively to relegate the UK to the sidelines of Europe … Without a place at the negotiating table, we may not get to influence those very policies that will impact on the City and our financial sector as a whole. Lord Ashdown, an ally of Clegg, said: The deep and sustained anti-European prejudice of some in the Tory party backed by anti-European papers has now created anti-British prejudice in Europe, especially in Paris. There will be a huge price to pay and, as a consequence, the foreign policy priorities of this country for the past 40 years has gone down the plughole in a single night. That foreign policy has now been hijacked by the Eurosceptics in the Conservative party aided by a prime minister who was not prepared to stand up for the national interest. As a consequence we have lost control of the European agenda and the prime minister has lost control of the demands for a referendum. This has been Gallic payback time for the way in which Cameron went around Europe lecturing Sarkozy on what to do. Arguing he had to protect the City of London, Cameron demanded that any transfer of power from national regulators to an EU regulator on financial services be subject to a veto; the UK be free to place higher capital requirements on banks; that the European Banking Authority remain in London; and the European Central Bank be rebuffed in its attempts to rule that euro-denominated transactions take place within the eurozone.He also argued that non-EU institutions operating in the City but not in the eurozone, such as American banks, should be exempt from EU regulation. See: theguardian/world/2011/dec/09/david-cameron-blocks-eu-treaty
Posted on: Sat, 20 Dec 2014 23:24:09 +0000
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