Showing posts with label Euro Zone. Show all posts
Showing posts with label Euro Zone. Show all posts

Tuesday, 20 December 2011

Wyvern Media News: Now Germany woos Britain over EU rift: PM's defiance rewarded as Merkel's man snubs Sarko

Wyvern Media News: Now Germany woos Britain over EU rift: PM's defiance rewarded as Merkel's man snubs Sarko
Germany launched an extraordinary charm offensive to try to get Britain back to the EU negotiating table last night despite George Osborne’s refusal to contribute billions to a Brussels begging bowl.
Guido Westerwelle, the German foreign minister, used a visit to London to extend an olive branch, lavishing praise on the UK as an ‘indispensable partner’ and promising a ‘hands-off’ approach to our financial services industry.
There are increasing signs Germany is prepared to go behind France’s back and contemplate giving David Cameron the special protections for the City of London that were refused at a crunch summit this month, prompting the Prime Minister to veto an EU-wide power-sharing treaty.
Mr Westerwelle, speaking alongside Foreign Secretary William Hague, promised a prosperous future for the City. He said Germany wanted the EU’s next steps to involve all 27 member states, adding: ‘My main message is for the British people – you can count on us, and we can count on you.

Read more: Dailymail

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Wyvern Media News: UK Refuses To Give To IMF's EU Bailout Fund

Wyvern Media News: UK Refuses To Give To IMF's EU Bailout Fund
Chancellor George Osborne has refused to contribute to the IMF's bailout fund for the EU, Sky News has learned.

Mr Osborne told his EU colleagues he will not provide any cash to boost the 200bn euro fund, which is specifically aimed at the troubled eurozone.
The conference call with 26 other EU finance ministers lasted three hours but ended without Britain's agreement to put in up to 50bn euros.
Mr Osborne insisted that while Britain was ready to take part in global efforts to bolster the IMF's coffers, it would not participate in a fund only aimed at the beleaguered eurozone region.
Read more - Sky News

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