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THE ECONOMY & YOU # (Daily Updated Videos & Articles)
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[quote:RoXY:MV8xNTc4NDI2XzI4NTU0MjQ2X0E2MDNFQzAz] [b]'Cameron Is a Coward' - European Politicians Slam British EU Veto[/b] By Veit Medick and Annett Meiritz 12/09/2011 British Prime Minister David Cameron is happy not to be in the euro. Following David Cameron's veto of EU treaty reform, there is plenty of frustration in Europe over Britain's stubborn attitude in the battle against the debt crisis. Prominent members of the European Parliament have strongly criticized the British prime minister and sent him a clear message: Europe doesn't need you. It is an irony of history - on this very day 20 years ago, the Maastricht Treaty was signed, bringing the European Union into existence. On Dec. 9 and 10, 1991, the 12 leaders of the European Community agreed to the groundbreaking agreement and a historic project was set on its way. Two decades on, and with the European debt crisis in full flow, the EU is facing its toughest test so far. Now one person stands out as the most divisive figure: David Cameron. Following marathon talks on Thursday night, the British prime minister vetoed a change in the EU treaties as called for by German Chancellor Angela Merkel and French President Nicolas Sarkozy. Cameron's use of his veto has provided for much discontent within the European Parliament. "It was a mistake to admit the British into the European Union," said Alexander Graf Lambsdorff, a prominent German MEP with the business-friendly Free Democrats, and vice chair of ALDE, the liberal block in the European Parliament. The UK must now renegotiate its relationship with the EU, he said. "Either they do it by themselves, or the EU will be founded anew -- without Great Britain," Lambsdorff said. "Switzerland is also a possible role model for the British," he added, refering to the fiercely independent stance of the Alpine country, which is not an EU member. [b]CONTINUE AT: http://www.spiegel.de/international/europe/0%2C1518%2C802823%2C00.html[/b] [/quote]
Economic Armageddon and You
Wondering about the American economy? This animated video explains inflation, stagflation, recession and more, all in 5 minutes.
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