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 Article written by Nick Robinson Nick Robinson Political editor

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  • rate this
    +1

    Comment number 1135.

    1130. KeithT
    37 Minutes ago

    If you are in a club then you help your mates.

    But Britain has never been in the club called the Euro which is what this is all about. Britain chose to stay out of the Euro and events are now showing that was a wise decision.

    Which is better, go down with the ship or spend a few uncomfortable hours in a lifeboat but survive?

  • rate this
    +1

    Comment number 1134.

    1133. KeithT
    18 Minutes ago

    26 countries of Europe have come together to sort out a problem which affects them all.

    Are you sure about that. I suspect that there are a few countries in Europe, those without the clout to stand up to France and Germany, are secretly breathing a sigh of relief that someone had the balls to stand up them.

  • rate this
    -1

    Comment number 1133.

    26 countries of Europe have come together to sort out a problem which affects them all. Only one has turned its back, even though the problem affects it too. Can that one country expect any help or even sympathy when it too gets into trouble in the future?

  • rate this
    0

    Comment number 1132.

    Keith T - I certainly agree with your comment - Britain has always been difficult within Europe - but wait there is the saying "what goes around comes around"

  • rate this
    +1

    Comment number 1131.

    As one financier commented : We are now as isolated in Europe as the last passenger who refused to board the Titanic.

    The EU has always done everything possible to avoid the inconvenience of democratic accountability and this process has accelerated in recent months.

    Their only "solution" to the Euro crisis is more taxation, austerity and borrowing. The Euro is doomed to fail sooner or later.

 

Comments 5 of 1135

 

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