Thursday, July 01, 2010

David Cameron will back down in fight with EU, say officials


Britain has opposed German and French calls for European Commission scrutiny of national budgets and is against the creation of Europe-wide financial supervisors that can overrule British regulators in the City of London.

Both issues are top of the agenda for Belgium as it takes over the EU's six month rotating presidency on July 1, giving the small, federalist country a leading role in negotiations ... READ MORE