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David Cameron will back down in fight with EU, say officials

Bruno Waterfield
London Telegraph [1]
June 30, 2010

David Cameron will break his promise not to transfer powers to Brussels by yielding to plans for an EU “economic government” and City regulation, senior European officials have predicted.

Britain has opposed German and French calls for European Commission scrutiny of national budgets and is against the creation of Europe-wide financial supervisors that can overrule British regulators in the City of London.

Both issues are top of the agenda for Belgium as it takes over the EU’s six month rotating presidency on July 1, giving the small, federalist country a leading role in negotiations.

A senior Belgian official has suggested that the Prime Minister will ultimately back down now that elections, and forming a government, were behind him.

“We will wait until some weeks after the elections,” said the official. “It is sometimes easier to discuss after elections.”

Full article here [1]

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