I've just put down some random thoughts from what I have been reading in the FT, etc - forgive the spelling, grammar, etc, etc:
Whatever one might think of the measures being taken by the EU to deal with the financial crisis, Cameron’s handling of this matter must be one of the UK’s biggest, and possibly the most far reaching, diplomatic failures in decades.
This goes back to Cameron’s decision to withdraw the Tories from the EPP (the EU’s largest and most influential political grouping) in a measure designed to placate the Tory Europhobes.
Before the Brussels summit there was a meeting of the EPP in Marseilles which was addressed by Merkel and Sarkozy and which formed a preliminary forum for the proposals then put forward at the summit. Of course the UK, because the Tories had withdrawn from the EPP, was not present.
Cameron had decided to keep his list demands very close to his chest, so nobody at the Marseilles conference really knew what they were. Into this vacuum Sarkozy put forward the view that Cameron wanted to exempt the UK from financial regulation. This was incorrect but it helped set the tone for the countries meeting there.
At the Brussels conference the British delegation decided to keep their demands secret until the last minute. There was no attempt to build alliances with other parties. What Cameron intended to do was to bounce the other countries into accepting his demands so that they could get a full 27 country agreement (which Merkel was pushing for but Sarkozy was against). When Cameron presented his demands it is reported that the other countries were completely baffled by those demands and, predictably, reacted badly.
What is curious is that Cameron, reportedly, used his veto and walked out at the start of the negotiations – not when they had been completed and there was a treaty to sign – leaving an empty seat while the rest of the EU continued their negotiations.
It is ironic enough that Cameron’s demands were to protect the UK’s financial services industry but, by using his veto, he achieved absolutely none of that protection. He merely absented the UK from the club that will draw up the financial regulations that suit the members of that club. And, the EU’s financial regulation measures are passed by qualified majority voting (unlike taxation measures which require unanimity)! How on earth does that safeguard the UK’s interests?
So, we have alienated most other countries in the UK (even those who are our natural allies) our financial services industry is more susceptible to “harmful” EU regulations than ever before, Sarkozy is cock-a-hoop and we are likely to be relegated to the outer fringes of the EU in a substantial and important part of its decision making.
For decades the UK has maintained a strategic involvement at the heart of Europe, whilst protecting its interests, by a combination of skilful diplomacy and the power of our economy. That policy has now crashed to the ground.
There is, of course, an explanation for all this could be that Cameron was desperate to avoid being pushed into having referendum triggered by a full 27 state EU treaty and blatantly and deliberately scuppered the proposed treaty to appease his party’s rednecks.
Whatever one might think of the measures being taken by the EU to deal with the financial crisis, Cameron’s handling of this matter must be one of the UK’s biggest, and possibly the most far reaching, diplomatic failures in decades.
This goes back to Cameron’s decision to withdraw the Tories from the EPP (the EU’s largest and most influential political grouping) in a measure designed to placate the Tory Europhobes.
Before the Brussels summit there was a meeting of the EPP in Marseilles which was addressed by Merkel and Sarkozy and which formed a preliminary forum for the proposals then put forward at the summit. Of course the UK, because the Tories had withdrawn from the EPP, was not present.
Cameron had decided to keep his list demands very close to his chest, so nobody at the Marseilles conference really knew what they were. Into this vacuum Sarkozy put forward the view that Cameron wanted to exempt the UK from financial regulation. This was incorrect but it helped set the tone for the countries meeting there.
At the Brussels conference the British delegation decided to keep their demands secret until the last minute. There was no attempt to build alliances with other parties. What Cameron intended to do was to bounce the other countries into accepting his demands so that they could get a full 27 country agreement (which Merkel was pushing for but Sarkozy was against). When Cameron presented his demands it is reported that the other countries were completely baffled by those demands and, predictably, reacted badly.
What is curious is that Cameron, reportedly, used his veto and walked out at the start of the negotiations – not when they had been completed and there was a treaty to sign – leaving an empty seat while the rest of the EU continued their negotiations.
It is ironic enough that Cameron’s demands were to protect the UK’s financial services industry but, by using his veto, he achieved absolutely none of that protection. He merely absented the UK from the club that will draw up the financial regulations that suit the members of that club. And, the EU’s financial regulation measures are passed by qualified majority voting (unlike taxation measures which require unanimity)! How on earth does that safeguard the UK’s interests?
So, we have alienated most other countries in the UK (even those who are our natural allies) our financial services industry is more susceptible to “harmful” EU regulations than ever before, Sarkozy is cock-a-hoop and we are likely to be relegated to the outer fringes of the EU in a substantial and important part of its decision making.
For decades the UK has maintained a strategic involvement at the heart of Europe, whilst protecting its interests, by a combination of skilful diplomacy and the power of our economy. That policy has now crashed to the ground.
There is, of course, an explanation for all this could be that Cameron was desperate to avoid being pushed into having referendum triggered by a full 27 state EU treaty and blatantly and deliberately scuppered the proposed treaty to appease his party’s rednecks.
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