There is widespread scepticism in London about the new financial rules, which some British critics see as a Franco-German attempt to undermine Europe’s financial capital.
The new laws will give more say to European institutions. A risk board, for example, which would be staffed by the European Central Bank and based in Frankfurt, is likely to have wide-ranging powers.
It’s hardly Gordo’s concern for his fellow Brits but fear of the City and loss of the gravy train for the government. Interesting though that Labour stood up to the EU monster on this one.
As for David Cameron, there is this uncertainty whether he is actually Blair in Dave’s clothing and will sell us out completely once the Tories are elected or whether, as many Tories feel, he is actually a closet euro-sceptic of the first water but can’t afford to put Brussels offside at this point or more importantly – Them, the ones who actually run Europe.
It may be that he’ll do just enough to sneak into government and then let loose as a new sort of Thatcher, earning the undying adoration of millions and setting the Tories up for a long spell in power, virtually disintegrating Labour.