David Cameron and Nick Clegg have had their say on any possible EU Treaty
Monday January 9,2012
By Emily Fox for express.co.uk
DAVID Cameron may still provide struggling eurozone nations with further handouts through the IMF, it was revealed today.
The Prime Minister, who has already approved a £10billion bailout fund in July has provoked further outrage among his MPs by not ruling out additional support.
Mr Cameron said: “We have set out our conditions for contributing more to the IMF. We support countries and not currencies or currency zones. The IMF shouldn’t be doing what the eurozone itself should be doing.”
The PM is thought to be buckling under the pressure of some coalition members, including the Deputy Prime Minister Nick Clegg who is an steadfast pro-European.
Mr Cameron acknowledged that his decision last month to wield the British veto to block a new treaty of all 27 EU member states has created a “pressure point” within the coalition government.
Nick Clegg also spoke on the EU treaty calling for an end to ‘needless rivalry and isolation’ in Europe.
The Deputy PM said: “The one lesson we have learned over and over again in Europe, to our cost, is that we are stronger when we are together and weaker when we are apart.
“It is immensely important to work as liberals, in all our different countries, in all our different ways, to promote unity over disunity and to promote co-operation rather than needless rivalry and isolation.”
Meanwhile in Berlin, the French President and the German Chancellor met to continue discussions on a possible intergovernmental deal.
Nicolas Sarkozy and Angela Merkel, nicknamed ‘Merkozy’, due to their close political relationship outlined the importance of haste in dealing with the debt crisis.
The two leaders said they would consider speeding up payments into the 17-nation eurozone’s permanent rescue fund, the European Stability Mechanism, in an effort to bolster confidence and enshrine fiscal rules.
But there could be trouble in paradise between the two as Sarkozy pushes forward with his controversial ‘Tobin Tax’ which could end up costing the British government billions of pounds in lost revenue if accepted.
Mr Cameron has stood firm on the tax, maintaining that any new tax would be veto-ed unless it was adopted globally.
The tax could cost Europe up to £116bn.
Merkel and Sarkozy announced at the Berlin meeting today that a conclusion of the intergovernmental deal will be reached on Mar 1.