My gut instinct is that David Cameron was right to refuse to sign up to the latest woolly European proposals which could lead to heaven knows what. Signing up to yet more ‘Europe’ would probably have led to a political explosion at home, & one not led by,(contrary to what they like to think) gleeful told-you-so Euro sceptics.
It is unfortunate that Cameron should have done this to protect our so-called financial services ‘industry’, whose apparent size & importance is in large part an illusion & delusion, based on the continuing debt-fuelled inflation in asset prices.
Politics right, economics wrong.
