Gasoline bombs greeted police officers in Athens. Meanwhile, negotiations over the shared European financial sector as well as budgets are at the top of the list for EU leaders, but a standoff between the two key players could render talks innefective:
The French-German dispute matters. Agreement between governments in Paris and Berlin is seen as vital to any steps toward further integration in Europe and for ensuring the survival of the common currency for the 17 E.U. countries that use it.
It will be no surprise to reveal that the British aren’t keen on the European project. But new ripples are emerging that they might back out even further:
All of this has fueled concerns that Britain is moving inexorably toward the E.U. exit door. Political and financial pundits have coined a term for this development: “Brixit,” a variant on “Grexit,” the shorthand for Greece’s much-predicted departure from the euro zone.
Mr. Cameron says that he is trying to keep Britain in the Union. He argues gamely that popular consent to E.U. membership can be regained only by refocusing the relationship on Europe’s single economic and free trade market — which accounts for half of Britain’s foreign trade and investment, according to the government — and loosening other ties.