Arab Today, arab today global economy britain out of europe
Last Updated : GMT 01:41:23
Arab Today, arab today
Arab Today, arab today

Global economy: Britain out of Europe

Arab Today, arab today

Arab Today, arab today Global economy: Britain out of Europe

London - Arabstoday

Today\'s headlines have rightly focused on the starkness of David Cameron\'s message - his warning that the world could soon be staring down the barrel if eurozone governments don\'t tackle their debt and their lack of competitiveness.However, just as significant - at least in the long term - is the fact that the British prime minister wrote his letter calling for action to save the world economy not with European leaders but to them.Cameron\'s joint signatories were his Canadian, Australian, South Korean, Indonesian and Mexican counterparts. In other words, on the biggest macroeconomic policy question of the day Britain is not part of Europe, it is looking on from outside.When Ireland first got into trouble the prime minister told his advisers that he was minded to give a speech calling on the eurozone to take the next logical steps towards integration.He felt that his call would carry weight given that it would be coming from a British, Eurosceptic Conservative. George Osborne was amongst those who said that that was precisely why he should not make it - the risk was that it would look like another British lecture to a club we\'d refused to join.Besides, went the argument, the EU will muddle through - they always do. Finally the PM has delivered his message along with members of the Commonwealth and developing countries.Britain\'s relationship with the EU is changing not because of any decision taken in Westminster or by the British people but thanks to \"events, dear boy, events\". Whether you find this a relief or a frustration is a good indication of whether you are a Euro-sceptic or a Euro-enthusiast.If you feel a bit of both you are where the pollsters say most voters have been since Britain joined the Common Market - that is, someone who believes we cannot afford to be out but doesn\'t much like being in.For years our political leaders have tried to change the attitudes of a country summed up by that old newspaper headline - \"Fog in the Channel. Continent cut off.\" The headline these days should probably be just one word - \"Fog\" - although perhaps a second headline might help \"No-one can see where they\'re going.\"PS The prime minister clearly signalled in his Channel 4 interview how he would react to Lib Dem Cabinet ministers asking him to spend or Tories who might call on him to cut taxes:\"[B]ecause we were left such a massive budget deficit there isn\'t the opportunity to cut taxes and spend more money...you can\'t spend your way out of a debt crisis.\"He also indicated that he is putting his faith in the Bank of England and supply side measures to stimulate growth:\"Interest rates are already incredibly low but I believe in monetary activism, using monetary policy where possible. But the most important thing we can do is actually to improve the productivity and the efficiency of our economy. Make it easier to employ someone. Make it easier to set up a business. Make it easier to grow, to build, to expand. Those are the steps that we\'re taking in a very, very aggressive growth plan.\" From / BBC

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 global economy britain out of europe Arab Today, arab today global economy britain out of europe

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
Arab Today, arab today Former head of Egypt’s syndicate submits appeal

GMT 20:11 2017 Saturday ,25 March

Former head of Egypt’s syndicate submits appeal
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Haifa Wahby bets on her new drama show

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 15:06 2017 Saturday ,25 March

Dialysis Supplies Dwindle for Syrians

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
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