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British Prime minster, Cameron vetoes EU treaty change the only “white sheep” in the whole Union

Friday, 09 December 2011
British Prime minster, David Cameron has effectively vetoed an EU-wide treaty change to tackle the eurozone crisis, saying it was not in the UK's interests.

But he acknowledges that there was a "fundamental disagreement" at the EU summit, but it is in Britain's interest to continue to be a member of the EU.

Britain's Prime Minister David Cameron at a press conference on Friday after the EU summit ended,  adding that Britain will continue to have influence over decision-making in the EU, although the country has chosen to remain outside the new fiscal pact.

Instead a new "accord" setting out tougher budget rules will be drawn up for the eurozone, which all EU states, except the UK, look set to join.

UK Foreign Secretary William Hague denied the move would leave the UK isolated in Europe. He said signing up to a change to the Lisbon Treaty - the treaty which governs the running of the EU - would have meant giving up more national sovereignty.

What is on offer is not good for Britain, because it did not reflect what Britain would gain out of the pact, according to David Cameron in the early morning after a long ALL-NIGHT NEGOTIATIONS in Brussels.

This comes after David Cameroon is facing intense from the UK as a whole and his party in particular to reduce the amount of influence the EU has on national politics. Also Britain, now ever than before, is relying on its financial sector and would want the EU to grant special concession to protect the sector. But the EU is bullish and would not want to accept the British bluff.

Conservative Mayor of London Boris Johnson told the BBC: "David Cameron has played a blinder and he's done the only thing that it was really open for him to do."

Deputy Prime Minister Nick Clegg - whose Liberal Democrat party is much more pro-European than their coalition colleagues - said he "regretted" that a deal involving all 27 members could not be reached.
But he added: "The demands Britain made for safeguards, on which the coalition government was united, were modest and reasonable. They were safeguards for the single market, not just the UK, reports the BBC.

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