The subsequent confusion following the VETO exercised by David Cameron on behalf of Britain in Brussels this Friday, 9 December 2011 is hardly believable !!!
The EU leaders were called to a meeting in Brussels. They were to participate in discussions on the proposals aimed at solving the EURO currency problems, which concerned in particular 17 countries which have the EURO as its currency. It should be noted that 10 countries, like Britain, at present have other national currencies !!!
Initially, the expected intention was to create a sub-division of the EU which was to become the EUROZONE. After political manouvering it appeared that 23 to 26 EU countries would, subject to confirmation by their National Parliaments, perhaps join the new sub-division of the EU !!!
One could say that at this point in time, the current Treaty of Lisbon, would have been replaced by the new "EUROZONE Treaty" !!! This new treaty, which has not yet been written, would have removed all of the Potholes of the Lisbon treaty, provided new tax-raising possibilities, and, eliminated the VETO rights of Great Britain.
David Cameron refused point blank to envisage any such possibility !!! His courage was not expected and this was clearly seen by the way he was subsequently snubbed by Nicolas Sarkozy and others !!!
The EU lives on, there are still 27 partner countries !!! Furthermore one cannot today be sure that there will be as many as 26 members of the planned EUROZONE in the spring of 2012, after they have all referred back to their parliaments !!!
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