Sarkozy was keen to exclude European Union countries, including the UK, that are not signed into the Eurozone, from talks. A summit which is being held in Brussels is looking at ways to rescue European Eurozone banks. The UK and some other EU members are not part of what is called the Eurozone. Thankfully the UK still has its own currency.
A meeting was held, last week, prior to the summit, and Sarkozy tried hard to stop David Cameron from participating in the debate. 27 EU leaders debated what will affect the 17 Eurozone member countries. Of course it has a much wider reaching effect. The summit will finalise plans to give Eurozone banks a massive cash injection of 100billion euros cash. With such a large amount of money at stake it was little wonder the feathers flew.
Sarkozy told, Cameron ”We’re sick of you criticising us and telling us what to do. You say you hate the euro, you didn’t want to join and now you want to interfere in our meetings.” Well considering the finanical implications for the UK and other non Eurozone members there is little wonder that is the case.
Media sources claim that Cameron fears regular meeting which could be held with just the 17 Eurozone member countries. This could lead to a "Franco-Greman dominated “caucus” or a bloc that could hijack the EU’s single market for its own ends, damaging the British economy by imposing regulations that benefit Paris or Frankfurt over the City of London", reported the Telegraph.
Wirth support from countries other than France and Germany Cameron has received assurances that the UK and other non Eurozone countries will be pivotal in making decisions and participating in meetings.
OPINION: This is just why so many UK citizens feel a withdrawl from the EU would be prudent. It is turning into a fiasco rather than a community. France and Germany continue to look after their own back yards rather than the EU.