Euro Zone: Cameron “Eurosceptical,” Will Safeguard UK



Cameron says UK must say in EU, but must protect itself.

Cameron says UK must say in EU, but must protect itself.

David Cameron has said that thould the euro zone crisis make the EU call for closer European integration, the UK must protect its own interests.

As the debt crisis rages on in the eurozone, there are talks among the 17 bloc members regarding closer financial ties to prop up their single currency and keep weaker members afloat.

Safeguards

The prime minister said that while it was logical for the single currency zone to move for a single economic policy, it meant the 9 EU states not using the euro must have “certain safeguards.”

Many MPs are calling for a groundbreaking change in the UK’s ties with Europe, with some wanting to take back powers and still others wanting a new vote on UK membership in the EU.

To the latter issue, Cameron responded that Britain is firmly invested in seeking out its best interests within the EU framework.

He also said that he believes closer eurozone integration is necessary to ward off future debt crises, as a single currency dictates a single economic policy.

“It is one of the reasons I never wanted to join it,” Cameron said.

“As eurozone countries move to co-ordinate more, as I believe they should, those outside the eurozone will need certain safeguards to make sure that what the eurozone countries are agreeing separately does not affect the single market,” the prime minister continued.

In or Out

Nick Clegg, of the generally pro-European Liberal Democrats party, warns that the current crisis in the eurozone should cause the UK to fundamentally change its relationship with the EU.

He also warns that eurozone states should not act against the interests of other EU members, as this would make for a “divisive and weaker” Europe.

With “the Greek situation,” as Cameron called it, affecting the entire global economy, many are calling for a pull-out of the UK from the European Union. But prime minister Cameron said that the issue is not really “in or out” but “can we change it?”

“Most people’s view on Europe, I think, is pretty close to my own which we have to be in there for trade and co-operation,” said Cameron.

“We have always been a trading nation and to cut ourselves off from this market would be a mistake.”

 

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