The outcome of twenty-six to one in favour of stronger integration and tighter fiscal and budgetary rules has left the UK in the corner. Seldom has such a degree of unity been found among member states. Criticism of Cameron was harsh and aggressive, but is London’s decision to remain outside really that bad? Well, yes, but not necessarily. It might actually be great news.
Posts Tagged ‘ budget policy ’
The financial markets have been subject to considerable criticism in the last weeks; analysts are worried that financial considerations will dictate decisions that should be taken via a democratic process. By analyzing the reasons and the effects of the criticized behavior the conclusion must be drawn that Europe in the long term should be grateful for the present warnings of the market.