UK officials will join talks over eurozone deal

[Jimbuna]

Why?....we won't even have a vote anyway :hmmm:


UK officials will join talks over what should be in a eurozone fiscal pact, despite refusing to sign up to it.
The UK has accepted an invitation from the European Council to join talks, alongside 17 eurozone and nine other EU states considering signing up.


http://www.bbc.co.uk/news/uk-politics-16209414

[STEED]

Maybe there to cough up a big sum of money if the tabloid newspapers are right. Too be honest if the IMF said it we're have no choice but too.

[Oberon]

Well someone has to serve the food and drinks don't they? :damn:

[STEED]

Well someone has to serve the food and drinks don't they? :damn:

Mad cow burgers. :haha:;):88)

[Oberon]

Mad cow burgers. :haha:;):88)

:har::har::har::har::yeah:

[Jimbuna]

I'd be checking what's inside the 'sticky' buns :DL

[Dan D]

That invitation to the Eurozone talks which the UK hardly can decline is the diplomatic tit-for-tat response to Cameron’s veto over the proposed Lisbon treaty changes.

Fair comment over Cameron’s veto is justified imo if you take a closer look of what has happened during the summit.

David Mc Allister who is a German Conservative politician, head of state of Lower Saxony and who holds both the German and British citizenship has summed up the criticism very nicely in a speech he has held lately in front of a business club in Germany.

Extracts: “As a British citizen and personal friend of David Cameron” he is “deeply saddened” that the UK has vetoed the Lisbon treaty changes.

He calls the British veto “incomprehensible” because the proposed changes would not have affected the UK because the UK is not a member of the Eurozone [not affected because all proposed changes were about the Euro but the UK has the BSP, affects Eurozone only].

Protocol 15 of the treaty of Lisbon guarantees that the UK is not obliged to introduce the Euro: “Unless the United Kingdom notifies the Council that it intends to adopt the Euro, it shall be under no obligation to do so.”
[As long as the UK keeps the BSP, the proposed changes to the treaty would not have affected the UK]

Against this background the UK’s request to exclude financial institutions in the City of London is hard to understand, even more as the UK had fought hard for the new established European banking authority to be seated in London [again: the proposed changes for the Eurozone would not have affected the UK and its financial institutions].

New regulations that could have an effect on UK financial institutions, like e.g. a financial transaction tax, were not part of the proposed changes.

So why veto something that does not affect you?