Good points raised by the eurosceptic organisation Open Europe’s blog today about the British government’s rather bizarre, contradictory attitude(s?) towards the eurocrisis:
“A German-led superstate still seems years off – if it ever will be agreed (no matter how much other parts of the eurozone or markets might like to see it right now).
“In contrast, David Cameron last month called for a bigger bailout fund, shared eurozone bonds and a more active monetary policy from the ECB – in other words, the eurozone quickly moving to ‘joint and several liabilities’ with stronger states indefinitely underwriting weaker ones. That would really be a German-led super state. [Nosemonkey note: depending on your definition of ‘super state’…]
“…the UK government could end up in a rather strange position by sending all these political hares running at the same time. Is it going to veto the same Treaty changes (to establish a fiscal / banking union) that it is now effectively calling for? If it’s deemed that these treaty changes de facto transfer powers away from the UK – i.e. by shifting the institutional balance of power towards the eurozone at the UK’s expense – will it then also call a referendum on those treaty changes? What would the question be?
“This may all work out both in the polls at home and in talks in Europe. But given the unrealistic expectations it raises – and how very difficult it will be to square all these various factors – it may well come back to haunt the Tory leadership, at home as well as abroad.”
David Cameron having an incoherent approach to the EU? This is nothing new, as this post of mine from FOUR YEARS AGO makes clear.