British Prime Minister warns that if you want to protect the single currency, the treaty must defend the interests of the United Kingdom and the City.
"The UK is a member of the EU" and "in this key market is unique," he says.
United Kingdom has always opposed any tax on financial transactions and fear a relocation of operations and businesses
The British Prime Minister David Cameron , on Tuesday threatened to veto the new treaty of the European Union if it does not contain "safeguards" for the United Kingdom. Cameron said that if "the institutions of Europe" want to protect the single currency , then the new EU treaty to promote France and Germany must defend the interests of the United Kingdom and the City, London’s financial center. "I will not sign a treaty without these safeguards around such issues as, of course, the importance of the single market and financial services, "the" premier "British Conservative. "If we get them, then the treaty will succeed. If you do not succeed, then it will," he warned.
In a statement to the press, Cameron said he will travel to Brussels this week for a summit of EU leaders with the intention to "defend and promote British interests." While acknowledging that currently the most important interest for the United Kingdom is "solve the problem in the eurozone, which is taking a toll on our economy, "insisted that this implies that there are" safeguards "for the United Kingdom. "The United Kingdom is a member of the EU "and" it is essential the single market, "said Cameron. According to the British prime minister, "to save the single currency it takes more than a treaty is needed to address the issue of competitiveness , the deficit problem and make decisions to convince the market that is serious, "plus the support from the European Central Bank (ECB). Germany and France promoting a new EU treaty that promotes fiscal discipline , so that there would be "automatic sanctions" against countries that break the rule to limit to 3 percent of gross domestic product (GDP) the deficit.
This new treaty of the Union shall have the support of the 27 EU member states, although French President Nicolas Sarkozy and German Chancellor Angela Merkel warned that, if possible, will concern the 17 nations the eurozone. Among other reservations, the United Kingdom has always opposed any tax on financial transactions to understand it would hurt banks and fears of the City operations and relocation of businesses to third countries. On Monday, Cameron ruled that the new European Union treaty changes will inevitably lead to "significant" involving the holding of a referendum in the UK, as he claimed some MPs’ Tories. " The premier said that if the proposed treaty supposed to give powers to Brussels , his Government would necessarily call a query, but insisted that is something that can not wait.