SUNDAY EXPRESS: DAVID Cameron has three weeks to decide whether to bless a new eurozone treaty or use Britain’s veto and place the country in a “very grave position”, a senior observer warned last night.
Peter Ludlow, president of the ¬European Strategy Forum think tank, said Germany and France are confident they will secure a deal to save the long term future of the euro by the end of this month.
That would mean tougher financial rules for members of the eurozone and the use of existing EU institutions to enforce them, a move Mr Cameron has indicated is a step too far.
However, veteran EU analyst Mr Ludlow said one “very senior member” of the European Council had told him that if Britain were to try to block the deal it would be “tantamount to a declaration of war”.
He said: “If Cameron is stupid enough to try and block the use of the institutions it would be a very, very dramatic development which could only have grave consequences in terms of ¬Britain’s own interests. It would be his nuclear weapon and that’s why all the messages I get from various people give the impression he will not do that.” » | Ted Jeory | Sunday, January 08, 2012
