The euro countries are to lift the new aid program for Greece alone. Britain rejects participation in any case decisively. That has made it clear to British media reports, the European Finance Ministers Chancellor George Osborne.
“Our colleagues from the euro zone have clearly received the message that it would be unacceptable, again pick up a British assistance in this matter”, was reported from the Treasury in London. “The idea to use the money British taxpayers for the latest agreement with Greece, is a non-starter.”The British Government refers to an agreement dating back to 2010. At that time, Prime Minister David Cameron had received a promise that the then European Stability Mechanism (EFSM) of all EU countries no assistance programs for euro area countries granted more. Rather, should only the 19 euro countries for such utility stand straight.
European Commission President Jean-Claude Juncker will now have, however, proposed to revive the EFSM as additional security for short-term loans to Greece. Euro group chief Jeroen Dijsselbloem confirmed that they consult on an aid program to which the participation of all EU Member States.
The EFSM borrows money on the international financial and uses the EU budget as collateral. Great Britain brings one billion euros in the EU budget – the money would be lost in the event of a Greek default. The risk of this is estimated to be very high in London.
A British government spokesman said to Cameron assume that the commitment of 2010 continues to apply and the EFSM will no longer be used.Cameron is facing a growing Euroscepticism of the British. Therefore he had promised before his re-election in May to let hold a referendum on the fate of Britain in the EU by the end of 2017 at the latest. In order to keep his country in the EU, he is currently trying to negotiate more favorable conditions for the UK.
The agreement of 2010 had the British presented as major negotiating success Cameron. Would she now obsolete, the Premier would be disgraced.
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