Right now, as the European Union is moving toward more centralized control, Britain has decided to veto a plan for increased oversight and control over the budgets of member nations.
The move has further isolated Britain from other EU member nations that plan to move forward with a new plan that would exclude the nation. This begs the question, which is better: to endure isolation within the geographic region or to submit to more centralized control and budgetary regulation within EU?
PARIS (Reuters) – France said on Sunday it regretted Britain‘s decision to use its veto at an EU summit on Friday saying the 27-nation bloc would have been better off if British Prime Minister David Cameron had voted with the rest.
At a Brussels summit on Friday, Britain vetoed a plan for a new EU treaty that would impose closer EU control over national government budgets in order to curb the bloc’s debt crisis. Cameron said the proposed deal risked exposing London’s powerful financial services industry to unwelcome EU regulation.
French Foreign Minister Alain Juppe said London had “isolated itself,” but that for years Britain had seen Europe only as a single market.
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