News / Europe

Cameron Defends Veto of EU Financial Agreement

Britain's Prime Minister David Cameron (C) is flanked by Chancellor of the Exchequer George Osborne (R) and Leader of the House of Commons George Young during a parliamentary debate on last week's European Union summit, in London, December 12, 2011.
Britain's Prime Minister David Cameron (C) is flanked by Chancellor of the Exchequer George Osborne (R) and Leader of the House of Commons George Young during a parliamentary debate on last week's European Union summit, in London, December 12, 2011.
Al Pessin

British Prime Minister David Cameron on Monday defended his decision to veto a European Union proposal to provide an enforcement mechanism for fiscal discipline. He says the EU deal, which other members plan to go forward with outside EU auspices, would have damaged Britain’s key financial services industry.

“I went to Brussels with one objective, to protect Britain’s national interest and that is what I did," said Cameron.

Prime Minister Cameron faced the unruly behavior that is traditional in Parliament as he began his statement Monday. When the shouting ended, he stated his position.

“I made it clear that if the eurozone countries wanted a treaty involving all 27 members of the European Union, we would insist on some safeguards for Britain to protect our own national interests. Satisfactory safeguards were not forthcoming and so I did not agree to the treaty,” said Cameron.

The prime minister refused to back a European Union summit deal Friday in Brussels that would have required members to keep their budget deficits below 3 per cent, and empowered the organization's bureaucracy to enforce the rule. The plan is designed to build investor confidence that the current financial crisis - blamed mainly on large debts in some countries - will not get worse or be repeated.

Prime Minister Cameron said the rules would have surrendered sovereign British powers to the EU and would have hurt the country’s financial services industry. He said his European counterparts refused to provide a series of safeguards he wanted.

The other 26 EU member states decided to go forward with the plan, without Britain’s participation.

Opposition leader Ed Miliband of the Labor Party accused the prime minister of isolating Britain, alienating its European partners and removing it from important future talks on European economic issues.

“He has given up our seat at the table. He has exposed, not protected, British business. And he has come back with a bad deal for Britain," said Miliband.

Miliband declined to say whether he would have accepted the EU treaty, or what he might have done to get a better one.

Notably absent Monday from Parliament was the prime minister’s coalition partner, Deputy Prime Minister Nick Clegg of the Liberal Democrats. He spoke out against Cameron’s decision over the weekend on the BBC’s Andrew Marr Show.

"Well, I am bitterly disappointed by the outcome of last week's summit, precisely because there's now a real danger that over time the U.K. will be isolated and marginalized in the European Union," said Clegg.

Financial markets reacted unevenly to Friday’s decision. The plan to be pursued by the other 26 EU members is designed to ensure long term stability. But analysts are still concerned about the short-term financial health of some members who will need to borrow large sums of money early next year to finance their existing debts - including Greece and Italy.


You May Like

Kurdish President: More Needed to Defeat Islamic State

In interview with VOA's Persian Service, Massoud Barzani says peshmerga forces have not received weapons, logistical support needed to successfully fight IS in northern Iraq More

Sierra Leone's Stray Dog Population Doubles During Ebola Crisis

Many dog owners fear their pets could infect them with the virus and have abandoned them, leading to the increase and sparking fears of rabies More

Video New Brain Mapping Techniques Could Ease Chronic Pain

New methods for mapping pain in the brain not only validate sufferers of chronic pain but might someday also lead to better treatment More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
New Brain Mapping Techniques Could Ease Chronic Paini
X
Shelley Schlender
April 20, 2015 7:03 PM
Pain has a purpose - it can stop you from touching a flame or from walking on a broken leg. As an injury heals, the pain goes away. Usually. But worldwide, one out of every five people suffers from pain that lasts for months and years, leading to lost jobs, depression, and rising despair when medical interventions fail or health experts hint that a pain sufferer is making it up. From Boulder, Colorado, Shelley Schlender reports that new methods for mapping pain in the brain are providing validation for chronic pain and might someday guide better treatment.
Video

Video New Brain Mapping Techniques Could Ease Chronic Pain

From Boulder, Colorado, Shelley Schlender reports that new methods for mapping pain in the brain are providing validation for chronic pain and might someday guide better treatment.
Video

Video Hope, Prayer Enter Fight Against S. Africa Xenophobia

South Africa has been swept by disturbing attacks on foreign nationals. Some blame the attacks on a legacy of colonialism, while others say the economy is to blame. Whatever the cause, ordinary South Africans - and South African residents from around the world - say they're praying for the siege of violence to end. Anita Powell reports from Johannesburg.
Video

Video Italy Rescues Migrants After Separate Deadly Capsize Incident

Italy continued its massive search and rescue operation in the Mediterranean Monday for the capsized boat off the coast of Libya that was carrying hundreds of migrants, while at the same time rescuing Syrian migrants from another vessel off the coast of Sicily. Thirteen children were among the 98 Syrian migrants whose boat originated from Turkey on the perilous journey to Europe.
Video

Video New Test Set to Be Game Changer in Eradicating Malaria

The World Health Organization estimates 3.4 billion people are at risk of malaria, with children under the age of five and pregnant women being the most vulnerable. As World Malaria Day approaches (April 25), mortality rates are falling, and a new test -- well into the last stage of trials -- is having positive results in Kenya. Lenny Ruvaga reports for VOA from Nairobi.
Video

Video Are Energy Needs Putting Thailand's Natural Beauty at Risk?

Thailand's appetite for more electricity has led to the construction of new dams along the Mekong River to the north and new coal plants near the country's famous beaches in the south. A proposed coal plant in a so-called "green zone" has touched off a debate. VOA's Steve Sandford reports.
Video

Video Overwhelmed by Migrants, Italy Mulls Military Action to Stabilize Libya

Thousands more migrants have arrived on the southern shores of Italy from North Africa in the past two days. Authorities say they expect the total number of arrivals this year to far exceed previous levels, and the government has said military action in Libya might be necessary to stem the flow. VOA's Henry Ridgwell reports.
Video

Video Putin Accuses Kyiv of ‘Cutting Off’ Eastern Ukraine

Russian President Vladimir Putin, in his annual televised call-in program, again denied there were any Russian troops fighting in Ukraine. He also said the West was trying to ‘contain’ Russia with sanctions. Henry Ridgwell reports on reactions to the president’s four-hour TV appearance.
Video

Video Eye Contact Secures Dog's Place in Human Heart

Dogs serve in the military, work with police and assist the disabled, and have been by our side for thousands of years serving as companions and loyal friends. We love them. They love us in return. VOA’s Rosanne Skirble reports on a new study that looks at the bio-chemical bond that cements that human-canine connection.
Video

Video Ukrainian Volunteers Search for Bodies of Missing Soldiers

As the cease-fire becomes more fragile in eastern Ukraine, a team of volunteer body collectors travels to the small village of Savur Mohyla in the what pro-Russian separatists call the Donetsk Peoples Republic - to retrieve bodies of fallen Ukrainian servicemen from rebel-held territories. Adam Bailes traveled with the team and has this report.
Video

Video Xenophobic Violence Sweeps South Africa

South Africa, long a haven for African immigrants, has been experiencing the worst xenophobic violence in years, with at least five people killed and hundreds displaced in recent weeks. From Johannesburg, VOA’s Anita Powell brings us this report.
Video

Video Apollo 13, NASA's 'Successful Failure,' Remembered

The Apollo 13 mission in 1970 was supposed to be NASA's third manned trip to the moon, but it became much more. On the flight's 45th anniversary, astronauts and flight directors gathered at Chicago's Adler Planetarium to talk about how the aborted mission changed manned spaceflight and continues to influence space exploration today. VOA’s Kane Farabaugh reports.
Video

Video Badly Burned Ukrainian Boy Bravely Fights Back

A 9-year-old Ukrainian boy has returned to his native country after intensive treatment in the United States for life-threatening burns. Volodia Bubela, burned in a house fire almost a year ago, battled back at a Boston hospital, impressing doctors with his bravery. Faith Lapidus narrates this report from VOA's Tetiana Kharchenko.
Video

Video US Maternity Leave Benefits Much Less Than Many Countries

It was almost 20 years ago that representatives of 189 countries met at a UN conference in Beijing and adopted a plan of action to achieve gender equality around the world. Now, two decades later, the University of California Los Angeles World Policy Analysis Center has issued a report examining what the Beijing Platform for Action has achieved. From Los Angeles, Elizabeth Lee has more.
Video

Video Endangered Hawaiian Birds Get Second Chance

Of the world's nearly 9,900 bird species, 13 percent are threatened with extinction, according to BirdLife International. Among them are two Hawaiian honeycreepers - tiny birds that live in the forest canopy, and, as the name implies, survive on nectar from tropical flowers. Scientists at the San Diego Zoo report they have managed to hatch half a dozen of their chicks in captivity, raising hopes that the birds will flutter back from the brink of extinction. VOA’s George Putic reports.
Video

Video Exhibit Brings Renaissance Master Out of the Shadows

The National Gallery of Art in Washington has raised the curtain on one of the most intriguing painters of the High Renaissance. Mostly ignored after his death in the early 1500s, Italian master Piero di Cosimo is now claiming his place alongside the best-known artists of the period. VOA’s Ardita Dunellari reports.

VOA Blogs