December 9th, 2011

EU Treaties

Whatever one may think of David Cameron, on this occasion he is being blamed unjustly. There was no way he could accept a treaty change that in any way transferred additional powers to the EU, having previously pledged a referendum on any such change. In the current mood, we could have a referendum on whether or not the EU should give every UK citizen £1,000, paid for by the Bundesbank, and it would still fail because it has the letters "EU" in it.

In any case, the treaty has little chance of actually happening, because other countries will fail to ratify it. Just for example, Ireland will have to have a referendum, and there seems little chance of the Irish people voting to give Brussels or Berlin veto powers over the Irish budget.