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British Premier, Cameron, Defends Veto on Europe Treaty
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Ed Miliband, leader of the Labor party, tells British prime minister Cameron in parliament on Dec. 12, 2011: "It's not a veto when the thing you wanted to stop goes ahead without you. That's called losing.That's called being defeated. That's called letting Britain down." Miliband was asking what purpose was being served, when it was expected that the European Union leaders were unlikely to provide Britain with safeguards for its financial industry, and when Britain has actually led the way in calling for stricter capital reserve requirements than Basel III standards accepted in Europe. Olli Rehn, European commissioner for economic and monetary affairs, said Britain cannot separate its financial industry from the rest of Europe: "If this move was intended to prevent bankers and financial corporations in the City from being regulated, that is not going to happen."
Britain, Sweden, Spain and Basel III capital reserve requirements for banks
01/21/2010
Britain, Sweden and Spain oppose the dilution of capital reserve requirements for European banks through a broad definition of what constitutes Tier 1 capital. Germany, France and some other European countries favor a loose definition of Tier 1 capital. The systemic risks of lower reserve requirements and loose definitions of Tier 1 capital in a global banking crisis and the danger to taxpayers.
Grouped Articles
Spanish Banks More Vulnerable Than Italy's
Wall Street Journal 07/13/2011
The Battle Over Bank Rules at Basel III
BusinessWeek 05/27/2010
Swiss Politicians Push for Stricter Bank Capital Rules
Wall Street Journal 11/04/2013
Wall Street Journal 09/13/2010
Basel Rules Unlikely to Force Capital Raising
Wall Street Journal 09/14/2010
Wall Street Journal 09/14/2010
Britain's views on the Euro currency and the European Union
12/28/2010
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Merkel Cites ‘Threats’ in Warning to Cameron
New York Times 06/10/2014
Book Review: 'Unhappy Union' by John Peet and Anton La Guardia
Wall Street Journal 06/26/2014
Scotland Votes 'No' to Independence but U.K. Political Risk Remains
Wall Street Journal 09/20/2014
European Union Asks Britain to Pay Extra $2.7 Billion
New York Times 10/24/2014
Merkel’s Visit to Britain Sets New Tone After E.U. Rift
New York Times 01/07/2015
U.K.’s 2015 Election Carries High Stakes for EU
Wall Street Journal 01/19/2015
Britain's prime minister David Cameron and policy towards the European Union
10/24/2011
Grouped Articles
David Cameron Faces Rebellion in His Party
New York Times 05/23/2013
Merkel Cites ‘Threats’ in Warning to Cameron
New York Times 06/10/2014
Book Review: 'Unhappy Union' by John Peet and Anton La Guardia
Wall Street Journal 06/26/2014
Wall Street Journal 06/27/2014
Scotland Votes 'No' to Independence but U.K. Political Risk Remains
Wall Street Journal 09/20/2014
European Union Asks Britain to Pay Extra $2.7 Billion
New York Times 10/24/2014
The City of London and Britain's isolation inside the EU during the eurozone crisis 2011-2013
12/07/2011
Grouped Articles
Merkel Cites ‘Threats’ in Warning to Cameron
New York Times 06/10/2014
Book Review: 'Unhappy Union' by John Peet and Anton La Guardia
Wall Street Journal 06/26/2014
In Post-Election Britain, Talk Turns to European Union
New York Times 05/12/2015
Britain’s Global Banking Hub Is Mostly Leery of an E.U. Exit
New York Times 02/09/2016
For Britain, Another Step Away From Europe
New York Times 12/11/2011
David Cameron’s move to save the City, not the euro - The Washington Post
Washington Post 12/12/2011
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