Britain Worries About Its Status in Europe – NYTimes.com

Best political riposte was Sarkozy to Cameron, “You’ve lost a good opportunity to shut up.”  The Brits, playing the skeptic true to type, are being left out in the cold as European negotiations to save the euro continue.

In some ways, analysts say, Britain has more at stake in the crisis than the other nine members that do not share the euro. Britain, after all, is home to Europe’s largest financial center, a crucial part of its domestic economy.

At the same time, the British economy is tightly linked with the Continent. As a bloc, the euro zone nations, led by France, Germany and Italy, are by far Britain’s largest trading partners.

“The fear is that a strong caucus of euro zone members would say, ‘Here’s what we want and we’ll push it through,’ ” said Iain Begg, a professor at the London School of Economics.

via Britain Worries About Its Status in Europe – NYTimes.com.

Advertisements
Tagged ,

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: