Kasz216 on 13 December 2011
| fauzman said: I wouldnt say he is a coward but imo it was a very ill-advised move. He was facing pressure from his Eurosceptic Conservative Party members to not sign the deal, and on the other hand he was facing pressure from Europes leaders to support the deal. At this stage, we dont really know if this was a great move or not, but London which is the financial capital of Europe, may certainly suffer from Cameron's rejection. I would say the that fortunes of the Conservative Party for the next few years depend on the fallout of this. |
Actually that's EXACTLY why camereon DIDN'T sign on. The treaty included a tax on every financial transaction which would of KILLED investment banking in london. It all would move to switzerland faster then it already is.
It's why you'll never see Europe do anything like the Vockler rule or really anything the US is considering financials wise.
