David Cameroon Defends His Stance

ByChuck Humfred

David Cameroon hinted that his strategy is not going to drift and be replaced by an emergent strategy regarding his decision to block an EU-wide treaty change to tackle Eurozone crisis, even despite the fear that his stance will leave the UK singled out.

Unlike rest of the Euro-Countries who have agreed to a tight budget rules,the UK Government has decides not to be a part of those.

An opposition party namely "Labour party" warned that UK will not be a part of the key decisions in the future which are likely to have significance, but the PM says that UK has remains of a significant importance in the European Region on the issues that is related to it.

German Chancellor Angela Merkel expresses her disappointments over David Cameron's current stance as there is going to be a different direction for UK and the rest of Europe. President Sarkozy says that David Cameron's demand of departure from the EU financial regulation for the city of London is unacceptable.

National Budgets

After failing to reach an agreement of all 27 EU member, the other 17 Euro zone countries with the exception of UK are expected to sign a new deal,which includes:

1. There will be an automatic sanction on any Euro zone country whose deficit exceeds 3 % GDP

2. European Commission must receive the mandatory national budget and this commission also have the privilege to request and revise this budget

3. 200 bn Euros should be provided to International Monetary Fund to manage this debt crisis in the debt affect countries, within the next 10 days

David Cameron maintains his stance by arguing that the abandoned treaty change involving all 27 members had been in danger of "distorting the single market".

The British PM believes that he his right in his decision which is better for his country.

Clarification of Misunderstanding

Mr. Cameroon clarifys that not excluding UK from the participation doesn't means that their relationship is changed, but the core of their relationship are still the same as we both aim high for prosperous future", UK was a European top seed in NATO and an important member of the single market but wasn't a member of Schengen Agreement that had an agreement to open the borders.

Mr. Cameroon argues that it is not necessary for UK to accept all of that, which Eurozone does, and make benefit from it and does not fear that UK will be deprived of any privilege that the rest of Eurozone enjoys.

Article Source:http://EzineArticles.com/?expert=Chuck_Humfred

Did you find this article helpful?00Get Involved0 commentsSuggest a topicArticle ToolsPrint this articleE-mail to a friendEzinePublisherReport this articleCite this articleStay InformedGet notified by email when new articles are added to this category or written by this author.Subscribe to New Article Alerts:

News and Society: Economics
Chuck Humfred

Email Address:SubscribeEconomics Article FeedFind More ArticlesSearchRecent ArticlesHow To Solve The Homeless SituationProgressivism Isn't Progress, VIIIHow Secure Is Your "Secure" Job?A True Comparison Of Increasing Debt Between Bush And Obama AdministrationsHow To Compete With ChinaWould Einstein Think Us Insane?What Will Happen If Greece Defaults?A Cluster of (Minor) ErrorsThe US Recovery Is Producing SurprisesA Sigh Of Relief For The Economic Status Of The USSubmitted On December 21, 2011. Viewed 9 times. Word count: 419.

MLA Style Citation:
Humfred, Chuck".".21 Dec. 2011EzineArticles.com.26 Jan. 2012 .APA Style Citation:
Humfred, C. (2011, December 21). . Retrieved January 26, 2012, from http://ezinearticles.com/?David-­Cameroon-­Defends-­His-­Stance&id=6771110Chicago Style Citation:
Humfred, Chuck "." EzineArticles.com. http://ezinearticles.com/?David-­Cameroon-­Defends-­His-­Stance&id=6771110EzineArticles.com© 2012 EzineArticles.com
All Rights Reserved Worldwide

About UsFAQContact UsMember BenefitsPrivacy PolicyShopSite MapBlogTrainingVideo ArchiveAdvertisingAffiliatesCartoonsAuthorsSubmit ArticlesMembers LoginPremium MembershipExpert AuthorsEndorsementsEditorial GuidelinesTerms of ServicePublishersFollow UsTerms Of ServiceEzines / Email AlertsManage SubscriptionsEzineArticles RSS

View the Original article