Arab Today, arab today eu\s barroso says uk optout risks single market split
Last Updated : GMT 18:35:19
Arab Today, arab today
Arab Today, arab today

EU\'s Barroso says UK opt-out risks single market split

Arab Today, arab today

Arab Today, arab today EU\'s Barroso says UK opt-out risks single market split

Strasbourg - AFP

European Commission chief Jose Manuel Barroso said that a demand by Britain for its financial services industry to be exempted from EU regulation threatened to break up the single market. Barroso was speaking during a debate in the European Parliament on a European Union summit in which 26 of the 27 EU states agreed a new deal for fiscal and economic integration -- but which British Prime Minister David Cameron refused to accept. \"All in all the agreement in substance was quite impressive, but frankly we cannot say the same for form,\" Barroso told lawmakers. Citing proposals jointly submitted with EU president Herman Van Rompuy and senior eurozone official Jean-Claude Juncker, Barroso said the aim of the summit was to find a way for all 27 EU states -- eurozone or not -- to change the bloc\'s treaty to fight the debt crisis together. However, \"the UK in exchange for giving its agreement asked for a specific protocol on financial services which as presented posed a risk to the integrity of the single market\", he said. A spokesman for the British leader later denied attempting to \"undermine the single market\". The government did not want preferential status for Britain\'s financial sector and only sought equality, the spokesman told the BBC. Barroso did not go into the detail of which exemptions Cameron specifically sought, although a future tax on financial transactions was one development Britain is known to strongly resist. Barroso said he tried to broker a compromise with an amendment to the leaders\' statement that would guarantee that \"any measures adopted by the council (of EU leaders) and applied to the euro area only must not undermine the single market including financial services. \"Unfortunately this compromise proved impossible, so it was not possible to have a solution involving all 27,\" he said. Cameron defended his decision in parliament in London on Monday to invoke a veto against a full 27-nation treaty, but French President Nicolas Sarkozy said the reality now was that Europe had become a two-speed union. Britain is probing whether the eurozone is breaching treaty obligations by using EU-wide institutions and buildings, to which non-euro Britain is a major financial contributor. As leaders across the European Parliament\'s different political groups hit out at \"selfish\" Cameron, Van Rompuy told the same debate he remained \"fundamentally optimistic\" about the prospects of the EU putting the crisis behind it. He said 2011 might yet prove to be the EU\'s \"annus mirabilis,\" or the miracle comeback after its nadir. Van Rompuy also suggested Britain could yet return to the fold, adding: \"At some point there will be 27 around the table and we will be able to hammer out something.\"  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu\s barroso says uk optout risks single market split Arab Today, arab today eu\s barroso says uk optout risks single market split

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu\s barroso says uk optout risks single market split Arab Today, arab today eu\s barroso says uk optout risks single market split

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday