Cameron ready to reject bad EU 'Brexit' deal

Image
AFP Brussels
Last Updated : Feb 18 2016 | 11:02 PM IST
British Prime Minister David Cameron threatened to walk away today from a "make or break" EU summit without a deal as his counterparts warned they would not pay any price to stop Britain crashing out of the bloc.
"I'll be battling for Britain. If we can get a good deal I'll take that deal but I will not take a deal that doesn't meet what we need," Cameron told reporters as he arrived for the meeting in Brussels.
Cameron wants a deal on reforms to the 28-nation European Union before holding a referendum as early as June but many member states are hostile to Britain getting special treatment when they have grievances of their own.
Talks were going down to the wire on Cameron's four challenging demands -- welfare restrictions to help curb immigration, safeguards for non-euro Britain, increasing EU competitiveness and an opt-out from closer EU integration.
French President Francois Hollande said agreement with Britain was "possible" and that was what he wanted -- but raised fresh doubts over the protections for non eurozone countries.
"No country can have the right to veto, we cannot hold Europe back from advancing," he said. "It is the EU that is stake, not just a country."
Cameron won crucial backing yesterday from German Chancellor Angela Merkel who said Berlin had shared his concerns "for many years".
Arriving for the summit, Merkel said there were still some issues to resolve but she was "happy to do everything to create the conditions for Britain to remain part of the European Union", she said.
"This is important from a German point of view but of course this will be decided by British voters in the end."
For her part, straight-talking Lithuanian President Dalia Grybauskaite punctured some of the summit rhetoric.
"I think everyone will have their own little drama and then we will agree," Grybauskaite said.
European Commission chief Jean-Claude Juncker said he was "quite confident" of a deal, but former Polish premier Tusk was more cautious.
"We are in the middle of still very difficult and sensitive negotiations on the UK question. One thing is clear to me though: this is a make or break summit," Tusk told reporters.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 18 2016 | 11:02 PM IST

Next Story