15/11/2011
Change Brings Opportunities For 'We Sceptics' - PM
The Prime Minister has said the UK should take advantage of the difficulties in the Eurozone so it better serves Britain.
Speaking at the Lord Mayor Banquet on Monday night, David Cameron said the proposed changes that may come as a result of the ongoing economic crisis in the European Union brought "opportunities" to refashion the EU.
Describing himself and the diners as "we skeptics", in obvious reference to his faltering perception as a euro-skeptic after opposing a referendum on leaving the EU last month, Mr Cameron asked: "What kind of Europe do we actually want?"
"For me, the answer is clear. One that is outward-looking – with its eyes to the world not gazing inwards. One with the flexibility of a network, not the rigidity of a bloc – whose institutions help by connecting and strengthening its members to thrive in a vibrant world, rather than holding them back.
"One that understands and values national identity and sees the diversity of Europe’s nations as source of strength. That’s why Britain’s EU growth plan is focused – together with other allies – on promoting open markets, flexible economies and enterprise.
"And it’s why we must continue to work with the European Commission for the completion of the single market in services, the opening up of our energy markets and the scrapping of the bureaucracy that makes it so hard to start a new business."
The Prime minister said the ongoing struggles of keeping the union together presented an opportunity, in Britain’s case, for powers to "ebb back instead of flow away".
On Tuesday Morning, contagion from the euro zone debt crisis continues to spread on with premiums over safe-haven Germany hitting new highs while the Italian government faces borrowing costs topping "unsustainable" levels of 7%.
The worry of over the eurozone's future is growing by the day, while German Chancellor Angela Merkel's Christian Democrats passed a non-binding resolution on Monday which will mean euro members can choose to leave the bloc if they are incapable of meeting its fiscal guidelines.
It is believed the motion could be the first step in unravelling the Euro single currency that has landed in crisis.
(DW)
Speaking at the Lord Mayor Banquet on Monday night, David Cameron said the proposed changes that may come as a result of the ongoing economic crisis in the European Union brought "opportunities" to refashion the EU.
Describing himself and the diners as "we skeptics", in obvious reference to his faltering perception as a euro-skeptic after opposing a referendum on leaving the EU last month, Mr Cameron asked: "What kind of Europe do we actually want?"
"For me, the answer is clear. One that is outward-looking – with its eyes to the world not gazing inwards. One with the flexibility of a network, not the rigidity of a bloc – whose institutions help by connecting and strengthening its members to thrive in a vibrant world, rather than holding them back.
"One that understands and values national identity and sees the diversity of Europe’s nations as source of strength. That’s why Britain’s EU growth plan is focused – together with other allies – on promoting open markets, flexible economies and enterprise.
"And it’s why we must continue to work with the European Commission for the completion of the single market in services, the opening up of our energy markets and the scrapping of the bureaucracy that makes it so hard to start a new business."
The Prime minister said the ongoing struggles of keeping the union together presented an opportunity, in Britain’s case, for powers to "ebb back instead of flow away".
On Tuesday Morning, contagion from the euro zone debt crisis continues to spread on with premiums over safe-haven Germany hitting new highs while the Italian government faces borrowing costs topping "unsustainable" levels of 7%.
The worry of over the eurozone's future is growing by the day, while German Chancellor Angela Merkel's Christian Democrats passed a non-binding resolution on Monday which will mean euro members can choose to leave the bloc if they are incapable of meeting its fiscal guidelines.
It is believed the motion could be the first step in unravelling the Euro single currency that has landed in crisis.
(DW)
Related UK National News Stories
Click here for the latest headlines.
07 August 2014
Interest Rate Held At Record Low For Another Month
Interest rates in the UK have been held at a record low of 0.5% for the second month in a row, the Bank of England has reported. The new figures also show that the bank's quantitative easing also remained unchanged at £375bn.
Interest Rate Held At Record Low For Another Month
Interest rates in the UK have been held at a record low of 0.5% for the second month in a row, the Bank of England has reported. The new figures also show that the bank's quantitative easing also remained unchanged at £375bn.
19 December 2013
Cable Rules Out Ban On Zero-Hours Contracts
A ban on zero-hours contracts has been ruled out by Business Secretary Vince Cable, who has said they offer employers "welcome flexibility". Mr Cable was launching a public consultation on the use of zero-hours contracts, which the secretary has said have a place in the labour markets despite evidence of abuse. The consultation is to last 12 weeks.
Cable Rules Out Ban On Zero-Hours Contracts
A ban on zero-hours contracts has been ruled out by Business Secretary Vince Cable, who has said they offer employers "welcome flexibility". Mr Cable was launching a public consultation on the use of zero-hours contracts, which the secretary has said have a place in the labour markets despite evidence of abuse. The consultation is to last 12 weeks.
16 August 2007
Stock Markets Fall As Debt Concerns Bite
Stock markets have experienced further falls as concerns persist over the effects of lending to high risk creditors. In trading yesterday, Wall Street saw falls of almost 1.3%, the Nikkei in Japan closed down just under 2% and Germany's DAX-30 dipped almost 2%. Among the largest fall was Hong Kong where 3.3% was wiped off share values.
Stock Markets Fall As Debt Concerns Bite
Stock markets have experienced further falls as concerns persist over the effects of lending to high risk creditors. In trading yesterday, Wall Street saw falls of almost 1.3%, the Nikkei in Japan closed down just under 2% and Germany's DAX-30 dipped almost 2%. Among the largest fall was Hong Kong where 3.3% was wiped off share values.
26 September 2011
Markets Rally As Euro Rescue Plan Looms
Further news of a new Euro zone rescue plan has pushed London's FTSE 100 back into the black this morning - as investors appear to be giving more consideration to the crisis measure. The share index bounced back from an earlier loss of 1.7%, and by noon was nearly 1% higher.
Markets Rally As Euro Rescue Plan Looms
Further news of a new Euro zone rescue plan has pushed London's FTSE 100 back into the black this morning - as investors appear to be giving more consideration to the crisis measure. The share index bounced back from an earlier loss of 1.7%, and by noon was nearly 1% higher.
09 June 2003
Mixed response to Chancellor's euro decision
Business has given the Chancellor's 'not yet' euro assessment a mixed response today, while the TUC has backed the move. Reacting to Gordon Brown's statement, CBI Director-General Digby Jones said that further sustainable convergence was "necessary before ministers put the question to the country".
Mixed response to Chancellor's euro decision
Business has given the Chancellor's 'not yet' euro assessment a mixed response today, while the TUC has backed the move. Reacting to Gordon Brown's statement, CBI Director-General Digby Jones said that further sustainable convergence was "necessary before ministers put the question to the country".