Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

#MeToo and #BalanceTonPorc exposes extent of sexual harrassment

Read more

FOCUS

Turkey's brain drain: Talents turn their backs to limited freedom and declining economy

Read more

TALKING EUROPE

Internet giants: Too big to be taxed?

Read more

TALKING EUROPE

EU’s Karl-Heinz Lambertz: ‘Empowering regions and cities very important for Europe’s future’

Read more

ENCORE!

Music show: Client Liaison, Boyz II Men & Jessie Ware

Read more

THE WORLD THIS WEEK

Iran deal decertified: Trump disavows nuclear agreement without walking away from it

Read more

BUSINESS DAILY

British PM heads to Brussels amid Brexit standoff

Read more

IN THE PAPERS

Why was Hollywood so quick to shun Harvey Weinstein and not others?

Read more

IN THE PAPERS

'Squeal on your pig': French women share sexual assault experiences on Twitter

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)