Saturday 7 January 2012

A cornucopia of problems

Syria, Iran, Iraq, Israel, Turkey and Egypt will feature large in the news in 2012. 

Closer to home, the travails of the eurozone will continue; along with the problems in Hungary.
For the UK government the relationship of the UK with the EU will be a high priority.  Will the 26 other nations seek to exclude the UK from any meaningful negotiations on the future of the single market?  Is Cameron's 'veto' in Brussels, to use a modern phrase. a 'tipping point' in our relationship with the EU?  Many hope it is the first small step in a withdrawal from the EU.  Cameron has to tread a tightrope to keep the europhile Liberal Democrats on board.  In view of the increasingly eurosceptic stance of the Labour Party and public opinion now predominantly anti-EU, Cameron should have no qualms in telling the Liberal Democrats to take a running jump. 

See:

http://www.telegraph.co.uk/finance/financialcrisis/8996981/Cameron-warns-EU-over-tampering-with-single-market.html

http://www.telegraph.co.uk/news/worldnews/europe/eu/8999468/Cameron-set-for-new-row-with-Europe-over-closer-harmonisation.html

http://www.telegraph.co.uk/finance/8997665/Fiscal-Compact-Draft-2.html
An interesting read.

UPDATE: 08.01.2012:

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9000702/David-Cameron-I-will-veto-financial-transaction-tax.html

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