Britain's Cameron says EU veto in national interest
British Prime Minister David Cameron told lawmakers on Monday that his decision to veto a new EU treaty was in the national interest, but insisted that membership of the bloc remained vital.
Deputy Prime Minister Nick Clegg of the pro-Europe Liberal Democrats was notably absent from Cameron's side in parliament, underscoring the rift the issue has caused in the Conservative-led coalition government.
Cameron said he had sought a deal at a eurozone crisis summit last week that would be acceptable to all 27 EU nations but they refused his "modest, reasonable and relevant" demands for safeguards for the City of London.
"I went to Brussels with one objective, to protect Britain's national interests, and that is what I did," Cameron said, to cheers from his Conservative party.
He said Britain would continue to work with the other 26 EU nations, which after his veto went on to agree in principle to join a "new fiscal compact" aimed at saving the debt-hit euro.
"Britain remains a full member of the EU and the events of last week do nothing to change that. Our membership of the EU is vital to our national interest," he said.
He also took a softer line than British officials had over the weekend about whether Britain would allow the other EU nations to use the bloc's institutions to pursue their pact without the United Kingdom.
But Cameron faced fierce criticism from opposition Labour leader Ed Miliband, who accused him of coming back with a "bad deal for Britain" that had no safeguards for the vital City of London financial hub.
"Far from protecting our interests he has left us without a voice," he said.
Cameron's position has also angered the Liberal Democrats, the junior partners in the coalition formed in May 2010 with a mandate to cut Britain's deficit.
Clegg's office said he did not turn up because he did not want to be a "distraction". On Sunday Clegg had criticised the deal and said it could turn Britain into an international "pygmy".
But Cameron's stance has delighted so-called "eurosceptics" in his party, who in October launched the biggest rebellion of his premiership when they called for a parliamentary vote for a referendum on Britain's ties to the EU.
John Redwood, an arch eurosceptic Conservative lawmaker, told parliament: "Britain today has much more negotiating strength because they (the Europeans) know they're dealing with a prime minister who will say no if he needs to."
Cameron said on Monday that the issue of a referendum "doesn't arise" because there would be no change in the EU treaties.
Shockwaves from Cameron's veto continued to reverberate through Europe, with EU Economic Affairs Commissioner Olli Rehn warning that it would not protect the City of London.
"If this move was aimed at preventing bankers and financial corporations of the City (of London) from being regulated, that's not going to happen," Rehn stressed.
French President Nicolas Sarkozy took a more conciliatory tone, saying the EU was now a two-speed alliance but insisted that Britain would not be forced out of the bloc's single market.
"We need Great Britain," Sarkozy said in an interview with the French newspaper Le Monde.
He said that he and German Chancellor Angela Merkel did "everything" they could to get the British to join the agreement, adding: "But there are now clearly two Europes."
Merkel's spokesman said Britain remained an "important partner" despite its "regrettable" veto.
Opinion polls in Britain, which joined the EU in 1973, show broad public support for Cameron's move.
In a poll for The Times published on Monday, 57 percent of voters supported his decision on Europe, and only 12 percent believed the veto would not safeguard the City of London. The Populus poll sampled 1,951 people.
Much of Britain's eurosceptic press is also behind Cameron.
© 2011 AFP