Britain wins key concession over euro stability pact
George Osborne hinted Britain might be prepared to give extra funding to the IMF to support eurozone countries
Britain appears to have won a key concession from European leaders drawing up the new economic stability pact for the eurozone.
British ministers and officials have had no formal role in drafting the EU fiscal treaty due to be ratified by all EU states, apart from Britain, in March.
But the latest leaked draft of the treaty contains no reference to deeper integration of the single market as one of the objectives of those who sign up to the pact. British officials feared such a reference would lead to key decisions affecting the UK being taken outside the structures of the EU.
Mr Cameron's official spokesman said Downing Street regarded the latest draft as "progress". "Our position has always been that this [26-way] agreement is fundamentally about fiscal rules for the eurozone and how to conduct fiscal policy in the eurozone," he said.
"That seems to be the nature of the draft agreement as it stands. I think there is a view in lots of European countries that this agreement is clearly very important – they need new fiscal rules and greater co-ordination of fiscal policy to make the euro work effectively – but the agreement shouldn't cut across existing treaties."
Diving in at the deep end is no excuse for shirking the style stakes
- 2 Belgium fan Axelle Despiegelaere lands L'Oreal campaign after World Cup viral photo
- 3 Why I'm on the brink of burning my Israeli passport
- 5 Blackest is the new black: Scientists have developed a material so dark that you can't see it...
Pope Francis: ‘One in 50’ Catholic priests, bishops and cardinals is a paedophile
Fry ‘criticises Operation Yewtree in dinner party rant’ calling for tougher laws to deter false sex abuse allegations
Supermoon 2014 in pictures: The moon appeared bigger and brighter at the weekend
Saharan remains may be evidence of first race war, 13,000 years ago
Israel-Gaza conflict: ‘Sderot cinema’ image shows Israelis with popcorn and chairs 'cheering as missiles strike Palestinian targets'
Sustained immigration has not harmed Britons' employment, say government advisers
War is war: Why I stand with Israel
Even when it brutalises one of its own teenage citizens, America is helpless against Israel
Socialist Worker called to apologise over ‘vile’ article saying Eton schoolboy Horatio Chapple's death is ‘reason to save the polar bears’
Emergency data law: David Cameron plots to bring back snoopers’ charter
NUT strike: David Cameron announces crackdown on strike action ahead of mass industrial action
£40000 - £60000 per annum + Benefits + Bonus: Harrington Starr: Dynamics CRM D...
£40000 - £45000 per annum + Benefits + Bonus: Harrington Starr: Web Developer ...
£50000 - £67000 per annum + Benefits + Bonus: Harrington Starr: C# R&D .NE...
£40000 - £50000 per annum + Benefits + Bonus: Harrington Starr: C# Developer (...