Cameron Finally Tells Sarkozy Where to Go; New treaty Splits European Union; Extreme Legal Complications Already; Expect Discord to Rapidly Spread
UK prime minister David Cameron was ready to sign on the Merkozy treaty dotted line if he got exceptions to some UK-unfriendly rules....and, on it rolls...
When Sarkozy refused to go along, the two got into a nice verbal feud, and Cameron finally said what he should have said months if not years ago as reported by Yahoo!Finance in New treaty Splits European Union
"What was on offer is not in Britain's interest so I didn't agree to it," he told reporters in Brussels.
"We're not in the euro and I'm glad we're not in the euro," he said. "We're never going to join the euro and we're never going to give up this kind of sovereignty that these countries are having to give up."
Swedish Prime Minister Fredrik Reinfeldt signaled after the meeting it was unlikely his country would join the accord.
"It would be very odd signing up to a treaty pointing out as if we were a eurozone country," he told The Associated Press. "And that was never the aim."
The new agreement between the 23 EU countries, according to experts, however, could lead to numerous legal problems, because the rules must not contradict rules of the EU treaties.
Cameron calls into question whether the proposed new fiscal union is allowed to use EU-institutions. "The institutions of the European Union are the European Union, the 27," said British Prime Minister.
....etc etc. The shit should well and truly be on the fan around May.
Meanwhile, the German's have a Minsky moment and realise WTF is going on (its un PC but WTF, I'm getting sick of this shit)...