Cameron Refuses To Sign EU Mini Treaty

Cameron Refuses To Sign EU Mini Treaty.

Following 10 hours of negotiations in Brussels, David Cameron has refused to join an EU financial crisis accord, stating it was not in Britain’s interest to sign up to it.

According to France's President Sarkozy, Mr Cameron’s demands for exemptions over financial services were unacceptable and has now blocked the chance of a full treaty.

Of the 27 EU members Britain and Hungary are to stay outside the accord, while Sweden and the Czech Republic have to consult on it.  Mr Sarkozy has stated that the eurozone countries would sign an intergovernmental accord aimed at stabilising the currency in the face of the debt crisis, plus any other EU members that wanted to join.

David Cameron has told told a press conference that he wants the Eurozone countries to come together and solve their problems, but it should only be allowed to happen within the EU treaties if there are proper protections for the single market, for other key British interests.  Without those safeguards it is better not to have a treaty within a treaty, but have those countries make their arrangements separately.  

He added that it was a tough decision but the right one.