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Saturday 11 February 2012
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David Cameron vetoes EU-wide treaty changeDavid Cameron has vetoed EU-wide treaty changes to tackle with the eurozone crisis, saying they were not in the UK's interests. A new "accord" setting out tougher budget rules will now be drawn up by eurozone countries. As well as the UK, Hungary looks set to stay outside it. Sweden and the Czech Republic will consult on the deal. UK Foreign Secretary William Hague said the move was "very sensible" and would not leave the UK isolated.He said signing up would have meant a loss of national sovereignty.Nearly 10 hours of overnight talks could not produce an agreement involving all member states. A full accord "wasn't possible, given the position of our British friends", French President Nicolas Sarkozy said, in the early hours of Friday morning.Mr Sarkozy said Mr Cameron had made "unacceptable" demands for exemptions for the UK over financial services. more from daily news »


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