Did Europe call Cameron's bluff?

 

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Did they think he was bluffing or didn't they care? Europe's leaders heard David Cameron threaten to veto a new EU treaty, but few - including, I ought to say, me - believed that he'd actually do it.

The prime minister argues that signing up without the safeguards he wanted would have allowed the eurozone to dictate new rules which would have damaged the City of London as a global financial capital.

The institutions of Europe, the civil servants in the commission, the judges in the court would, he thinks, have become their servants.

Now he faces a different risk though: isolation, as most perhaps all the other countries not yet in the eurozone look set to decide to take part in this new euroclub.

At home David Cameron will be hailed as a hero by Eurosceptics who are likely to demand, now, renegotiation and a referendum.

Others will condemn him for losing what he referred to as a game of chess to a master tactician - President Sarkozy of France - who'd always argued that Britain had no role influencing a currency they'd chosen to stay out of.

Well he for one has got his way.

 
Nick Robinson, Political editor Article written by Nick Robinson Nick Robinson Political editor

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  • rate this
    +104

    Comment number 1.

    At least the UK has been consistent in its stance over the years, so no-one should be surprised now. AND WE RETAIN OUR SOVEREIGNITY!

  • rate this
    -244

    Comment number 2.

    What a sad day for Britain. A little englander batting for a few little englanders which leaves the rest of us back in the dreadful days of Thatcher. He will no doubt win a few plaudits from his right-wing pals but most far-sighted people will see this as a step back to the days of isolationism and we can look forward to 20 years of recession and misery. Thanks, Dave!

  • rate this
    +436

    Comment number 3.

    Is it just me that is concerned at the breakneck speed that Germany and France are driving through new central control mechanisms that will effectively over ride the wishes of nationally elected parliaments?

    No one seems to be asking the people of Europe about the changes, it's dictatorship of the 26 by Merkozy and cronies and no one voted for them outside Germany and France.

  • rate this
    +225

    Comment number 4.

    Much ado about nothing, methinks. This does not solve the Euro crisis, it merely makes the likelihood of the current problems recurring unlikely.

    We are not in the Euro and it was a crisis because certain member states have been allowed to borrow beyond there means.

    France has to follow the German lead because they cannot afford the Euro to fail, their economy is not sufficiently robust.

  • rate this
    +337

    Comment number 5.

    As time goes by just watch how other European voters begin to react. Already the Swedes are beginning to realise that they may be better out than in; when others reflect on the cost of giving up more sovereignty they will then begin to behave in unpredictable ways. Time will tell on this one!

 

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