European veto and fighting for Corbar  

The European summit at the end of last week has dominated the news media ever since it became clear that the Prime Minister stuck to his word and refused to agree to the plan put forward by the French and the Germans. It is in our national interest for the countries in the Eurozone to fix their problems but the Prime Minister said he would only agree to a new Treaty if certain safeguards were obtained. These safeguards were modest and reasonable, but as the Eurozone countries refused to seriously consider them the Prime Minister stuck to his word and exercised our veto. The safeguards we asked for were about our financial services industry, something that contributes over 10% of the tax take in the country. It is one our major industries; London is a world renowned financial centre so it is right that the Prime Minister stood his ground to protect it.The issue of Europe and the European Union...