Today’s joint FT article by George Osborne and Wolfgang Schäuble is yet another exhibit for David Cameron to wave at critics of his EU policy. While Nigel Farage and Nick Clegg fight over In or Out with no chance of leading the government that presents that choice to the British people (read Fraser’s Telegraph column on this), David Cameron can say that he is inching closer to winning debates, point by point, with European leaders. Today’s article contains the important acceptance that non-eurozone countries should be protected rather than disadvantaged by treaty change:
‘A stable euro is good for the global economy, and especially for Europe. The crisis has shown that the eurozone needs a common fiscal and economic policy with corresponding improved governance. The UK fully recognises the progress made so far in responding to the crisis, and it supports the case for further steps forward. But as the euro area continues to integrate, it is important that countries outside the euro area are not at a systematic disadvantage in the EU.
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