Given that virtually all of the broad proposals mooted for more
eurozone integration require some re-opening of the EU treaties at some stage, to which the UK must give its approval, Cameron will most likely get opportunities to negotiate a new deal.
IDS also accused Mr Cameron of selling Britain short by giving away our formidable power to veto further
eurozone integration, getting only something «very marginal» in return.
Nick Clegg issued a tough warning to European leaders today, telling them that closer
eurozone integration would effectively downgrade the UK's position.
Today's meeting between David Cameron and German chancellor Angela Merkel offers an excellent opportunity to «reset» recently strained Anglo - German relations, as well as a chance for Cameron to set out clearly how and why both countries can support one another as their roles in Europe change to reflect the new reality of closer
eurozone integration.
A coalition involving the FDP may limit any plans for deeper
eurozone integration.
Not exact matches
We would therefore mostly expect a «freeze» in terms of
integration even though some areas may well see further headway (e.g. for existing initiatives in various areas, including banking union, capital markets union or energy union or some movement towards a
Eurozone chamber in the European Parliament).»
This backdrop makes policy progress very unlikely as domestic politics drive the agenda [leading to] limited room for country - level structural reform [and] little progress toward EU or
eurozone reform or
integration.»
«We are very skeptical that the
Eurozone and EU would respond to Brexit with attempts to deepen
integration in the near - term.
Merkel adopts Macron's call for
eurozone finance minister German chancellor Angela Merkel has joined French president Emmanuel Macron in calling for the creation of a
eurozone finance minister in order to increase fiscal
integration in the single - currency area.
As discussed above, the
eurozone has more ammunition today to respond to potential contagion but a favorable view of European equities is also supported by the gradual escalation of institutional
integration that is ongoing in Europe.
In the event of a go - ahead for QE, its announcement might be of greater political than economic significance, potentially marking the first step on the road to closer fiscal
integration of the
eurozone.
Concerns about the growing influence of Europe were reinforced this week as the 17
eurozone countries appeared to favour closer fiscal
integration - an approach advocated by chancellor George Osborne as the only logical way of maintaining the euro.
A potential deal among the
eurozone's 17 countries to bring about closer fiscal
integration would not qualify.
And it will progressively push countries in the core to commit to the fiscal
integration that the
Eurozone requires.
I have argued for a year now that the
eurozone need to follow the «remorseless logic» of monetary union» towards much greater fiscal
integration.
That means it's not in our interests to stand in the way of the further
integration amongst the
eurozone countries that any successful solution will require.
David Cameron and George Osborne have been broadly in favour of deepened
integration within the
eurozone, making the creation of a two - tier Europe - feared by some in London - an important part of UK policy.
Fears that Britain's own financial sector could be left on the fringes of Europe by a deeper
integration of the
eurozone are undercutting jubilation in Britain, however.
George Osborne voiced his support for greater fiscal
integration in the
eurozone to MPs this afternoon - after thanking God that Britain is not a part of it.
«For the life of me I still don't know what is the question we're supposed to be putting to the British people because we don't yet know what we're reacting to in terms of the further
integration of the
eurozone,» Clegg told the Guardian.
Certainly the attitude of the UK government has not helped; on one hand urging the
eurozone to accept the «remorseless logic» of greater economic and fiscal
integration, including Germany taking on liabilities for weaker
eurozone states via debt pooling, while on the other refusing to take part in such measures itself and zealously looking after its own self interest.
European Commission president Jose Manuel Barroso regrets Britain's decision to reject proposals to boost fiscal
integration at the
eurozone crisis summit in Brussels:
«It is surely right to say that the
Eurozone should be free to seek the degree of fiscal
integration that is necessary to allow the currency union to work.