3 ms·
The European question: will it be splendid isolation or miserable for the UK?
- bdfh42 15y agoI am pretty sure that Germany and France made a major tactical error in trying to deal with an issue directly affecting just 17 EU member status through an extension to the EU treaty. The UK had no choice but to veto the proposals as they stood. I strongly doubt that all of the countries that have signed up to coordinated fiscal controls will be able to ratify the treaty - the next few days might well see some back-peddling. I am not even sure that the 17 member states that are in the Euro will be happy with the proposals when the implications sink in. Net result? I think that this has brought the end of the Euro, as we currently know it, closer.