David Cameron on collision course with Europe - DAVID Cameron last night threatened to veto the eurozone rescue package.
The Prime Minister put himself on a collision course with Europe after declaring he would not back the plans put forward by Germany and France if they damaged British interests.
Mr Cameron said: “Obviously there will be British safeguards and British interests that I will want to insist on, and I won’t sign a treaty that doesn’t have those safeguards in it.
“As long as we get those then that treaty will go ahead. If we can’t get those, it won’t.”
Mr Cameron did not spell out exactly what safeguards he was seeking, but is understood to be against any measures which force a new banking transaction tax on the UK. He will head to Brussels tomorrow for a key summit where European leaders are being asked to agree to a rescue package for the euro drawn up by France’s Nicolas Sarkozy and Germany’s Angela Merkel.
But senior European Union officials made it clear that Mr Cameron would come away empty-handed if he tried to use the meeting to claw back more powers from Brussels.
The PM’s comments were seen as an attempt to quell a growing Tory rebellion over German and French plans to rewrite the EU treaty. He is facing growing demands from within his party for a referendum on the deal.
And that pressure intensified yesterday when the Irish Government signalled that it could hold a national poll on the new treaty.
3ED Balls yesterday ruled out a Labour Government joining the euro “in my lifetime”. He told MPs: “There’s no possibility anytime in my lifetime of a British Government joining the euro.”
