If logistics had allowed, David Cameron would have given his long-awaited speech on Europe tomorrow. Instead, it’s been postponed until January and we had to make do with a statement on the European Council in the Commons today
It’s quite clear that Cameron is thoroughly bored of these meetings: he complained that it was the seventh he’s attended this year and that he ‘wouldn’t describe it as a landmark council’. When Ed Miliband mocked the Eurozone countries for coming up with a timetable for having a timetable, Cameron chuckled and nodded.
But Cameron does think that something big came out of this summit. As he put it, ‘the principle has been established that changes in the Eurozone, requires safeguards for those outside.’ This was a reference to the fact that changes to banking union require majority support among both Eurozone ins and outs.
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