Don't miss

Replay


LATEST SHOWS

BUSINESS DAILY

Davos 2017: World Economic Forum wary of post-Brexit future

Read more

IN THE PAPERS

'Great Brexpectations'

Read more

IN THE PAPERS

Trump's anti-European 'attack'

Read more

BUSINESS DAILY

Davos 2017: Business leaders confident despite 2016 turmoil

Read more

EYE ON AFRICA

Gambian citizens flee ahead of Barrow inauguration

Read more

MEDIAWATCH

Trump will still tweet from personal Twitter account as president

Read more

FRENCH CONNECTIONS

Population studies: France's 'ethnicity' taboo

Read more

THE DEBATE

Brexit's Biggest Fan: Trump weighs in ahead of Theresa May speech (part 1)

Read more

THE DEBATE

Brexit's Biggest Fan: Trump weighs in ahead of Theresa May speech (part 2)

Read more

Europe

Cameron opposes a new EU treaty without 'safeguards'

Text by News Wires

Latest update : 2011-12-06

British Prime Minister David Cameron said on Tuesday that he would oppose a new EU treaty proposed by France and Germany this week to rescue the euro unless measures were in place to "safeguard" the common market and financial services.

AFP - British Prime Minister David Cameron said Tuesday he would block a new European Union treaty proposed by France and Germany aimed at saving the euro, if London's demands are not met.

He said if eurozone countries wanted to use "European institutions" to rescue the single currency, they would have to agree to safeguards demanded by Britain, which has not adopted the euro.

"I won't sign a treaty that doesn't have those safeguards in it, around things like, of course, the importance of the single market and financial services," said Cameron.

France and Germany said Monday they wanted a new EU treaty by March with tougher budgetary rules to deal with the debt crisis.

French President Nicolas Sarkozy said the new treaty would be either for all 27 EU members or for the 17 members of the eurozone, with other nations signing on a voluntary basis.

Cameron said that if eurozone countries "choose to go ahead with a separate treaty, then clearly that is not a treaty that Britain would be signing or would be amending.

"But, of course, if they want to use the European institutions, then we will be insisting on the safeguards and the protections that Britain needs."

Date created : 2011-12-06

  • EUROZONE

    Sarkozy, Merkel to push for new European Union treaty

    Read more

  • Germany

    Europe close to launching 'fiscal union', says Merkel

    Read more

  • EUROPE

    Eurozone crisis 'toughest hour since World War II’, says Merkel

    Read more

COMMENT(S)