Friday, December 9, 2011

Up Against a Wall

Jan-Paul Pelissier / ASSOCIATED PRESS
from the Washington Post:
The veto by British Prime Minister David Cameron, a Conservative euro-skeptic who cherishes the pound and looks askance at heavy-handed European regulations in British affairs, underscored his nation’s long unease with relinquishing national powers to the E.U. and left London isolated in a region now moving toward deeper integration without it. His move left Britain’s Guardian newspaper asking, “Will it be Splendid Isolation, or Miserable?”
At the same time, Cameron made life harder for a region desperately trying to unite behind a plan to quell a debt crisis that is threatening the global economy. Without Britain on board, the 26 other E.U. nations now face potentially complicated legal obstacles to meet one of the prime objectives of a new treaty: Giving fresh powers to E.U. institutions to slap automatic penalties on governments that recklessly spend and borrow.
Merkozy may be ticked-off, but I didn't really see a path for Cameron to have done anything but veto a proposal that relinquishes sovereignty to Brussels (read: Berlin) against the will of the majority of his citizens, in order to save a currency in which the U.K doesn't participate. Questions concerning sovereignty and greater integration are typically ones that should be decided democratically, no?

How to tell just how little at ease Merkel is feeling right now? Well, I haven't seen her do this in a while:

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