David Cameron correctly used the veto to stop any attempt to spread the cost of saving the EURO to non-EUROZONE countries. The proposed Financial Services Tax would have destroyed the City of London and would have opened the door to further fiscal impositions and intrusions in British governance.
There are two basic flaws which have resulted in the present crisis -
- The Lisbon Treaty remained flawed because it was hurried through to adoption by Politicians who prevented national electors from having a chance to vote. A longer period of reflection would have revealed the potholes and latent serious faults in that Treaty now clearly visible.
- The initial Greek adherance to the EU was not properly monitored and the bankruptcy of Greece was badly handled. This was because for idealogical reasons the real object really became the protection of the EURO rather than curing the problem of Greece bankruptcy !!!
David Cameron has shown real leadership. Others will also realize that it is not now that electors should be given the chance to vote !!! Ideologists must now be more patient.
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