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Dec 20, 2011

Euro zone IMF loan target in danger as UK declines help

BRUSSELS/LONDON (Reuters) – Euro zone ministers agreed on Monday to boost IMF resources by 150 billion euros to ward off the debt crisis and won support for more money from EU allies, but it was unclear if the bloc would reach its 200 billion euro target after Britain bowed out.

Following a three-hour conference call, European Union finance ministers said currency zone outsiders the Czech Republic, Denmark, Poland and Sweden would also grant loans to the International Monetary Fund to help save the 17-nation zone.

Dec 19, 2011

Euro zone IMF lending plan in danger as UK declines

BRUSSELS/LONDON (Reuters) – European finance ministers looked unlikely to reach a target of boosting IMF resources by 200 billion euros to ward off the debt crisis on Monday, after Britain said it would not take part in a plan aimed specifically at helping the euro zone.

In a three-hour conference call, ministers also assessed plans for tighter euro zone fiscal rules – a new ‘fiscal compact’ – that policymakers hope will insulate the 17-country currency zone against a repeat of the two-year debt crisis.

Dec 19, 2011

Germany offers UK an olive branch after EU summit

LONDON, Dec 19 (Reuters) – German Foreign Minister
Guido Westerwelle promised to mend fences with Britain on Monday
after a divisive EU summit to save the euro zone left the island
nation isolated in Europe.

“I am here to show you that we are willing to build bridges
over troubled water,” Westerwelle told reporters at a joint
press conference with British Foreign Secretary William Hague in
London.

Dec 12, 2011

Cameron says EU membership is vital to Britain

LONDON (Reuters) – Prime Minister David Cameron defended his decision to break with European partners by vetoing a change to the EU treaty, insisting on Monday that remaining a member of the 27-nation bloc was in Britain’s national interest.

“Britain remains a full member of the EU and the events of the last week do nothing to change that. Our membership of the EU is vital to our national interest. We are a trading nation and we need the single market for trade, investment and jobs,” Cameron told parliament during a noisy debate on last week’s European Union summit.

Dec 12, 2011

Semi-detached island nation faces EU isolation

LONDON/BRUSSELS (Reuters) – Prime Minister David Cameron has made history by blocking EU treaty change in a move that has isolated Britain and this detachment will define the next chapter in this island nation’s notoriously tricky relations with continental Europe.

Cameron, who styles himself a “eurosceptic”, seems to have pushed Britain further from the heart of Europe than even “Iron Lady” Margaret Thatcher dared to do in her battles in the 1980s when she said “No, No, No” to Brussels increasing its powers.

Dec 9, 2011

Analysis: Semi-detached island nation faces EU isolation

LONDON/BRUSSELS (Reuters) – Prime Minister David Cameron has made history by blocking EU treaty change in a move that has isolated Britain and this detachment will define the next chapter in this island nation’s notoriously tricky relations with continental Europe.

Cameron, who styles himself a “eurosceptic,” seems to have pushed Britain further from the heart of Europe than even “Iron Lady” Margaret Thatcher dared to do in her battles in the 1980s when she said “No, No, No” to Brussels increasing its powers.

Dec 7, 2011

Economic woes to soften Britain’s summit stance

LONDON (Reuters) – Prime Minister David Cameron has ratcheted up the rhetoric about protecting Britain’s interests but the need to shield a faltering economy from storms across the Channel will soften his negotiating stance at this week’s EU summit.

Cameron has to juggle the demands of a Eurosceptic wing of his centre-right Conservative party, who are baying for powers to be clawed back from Brussels, with the risk of obstructing a deal to rescue its biggest trading partner.

Dec 5, 2011

No UK referendum needed on euro zone changes – government

LONDON (Reuters) – Proposed changes to the way the euro zone governs its fiscal policy do not require a referendum in Britain, which is in the EU but does not use the single currency, the government said on Monday.

European leaders are under pressure this week to deliver a lasting solution to the euro zone debt crisis, with proposals to create a closer fiscal union based on tougher economic policy rules at the heart of discussions ahead of a summit on Friday.

Nov 17, 2011

Post-2015 Britain will need more austerity – Ed Miliband

LONDON (Reuters) – Britain will need further austerity after the next election in 2015, the Labour party said on Thursday, warning that any future left-wing government would have to find new ways to redistribute wealth and help the poor.

Labour leader Ed Miliband, who has been sketching out a vision for Britain this year which he hopes will win back voters after the party lost power in 2010, said reform to a “responsible capitalism” would be vital for social justice.

Nov 14, 2011

UK’s future lies in a flexible, open EU -Cameron

LONDON, Nov 14 (Reuters) – Britain must remain part of
the European Union to protect its economic interests but a
post-crisis Europe must not turn into a rigid bloc with the
power to hurt those on the periphery, British Prime Minister
David Cameron said on Monday.

Cameron asked in a foreign policy speech to the Lord Mayor
of London’s banquet: “What kind of Europe do we actually want?”.

    • About Matt

      "I cover all aspects of government policy from the British parliament, but concentrate on Number 10, fiscal policy at the Treasury, and monetary policy at the Bank of England. I am based in our parliament office in Westminster and in our UK bureau in East London."
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