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It’s All Britain’s Fault

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Surely the euro wouldn’t be in any trouble had eurozone countries controlled their spending…

A senior European official said on Tuesday that Britain’s demands for measures to protect its financial services industry at last week’s summit meeting were impossible to meet and directly responsible for the collapse of a Europe-wide agreement meant to help save the euro.

In blunt language, the official, José Manuel Barroso, the president of the European Commission, said that the “specific protocol on financial services” requested by Prime Minister David Cameron would have presented “a risk to the integrity of the internal market,” as the European Union’s vast trading area is known, and was thus untenable.

http://www.nytimes.com/2011/12/14/world/europe/european-commission-chief-assails-david-cameron-over-treaty-veto.html?pagewanted=print

 

 

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