Thursday, November 12, 2015

Cameron's 'Desires' Are Largely Trivial.

What’s in the letter and speech?There were no real surprises in either given that both have been heavily trailed. The key points in terms of 'reform' are:
• A “formal, legally-binding and irreversible” end to Britain’s obligation to work towards an ‘ever closer union’ as set out in the Treaty
• Legally binding safeguards to protect the integrity of the single market from Eurozone integration
• A more ambitious push on economic competitiveness consisting of further deepening the single market, cutting red tape and concluding FTAs with other global economies
• An enhanced role for national parliaments including a collective veto right over new legislation
• Four year restriction on new EU migrants’ access to UK benefits and a more general crackdown on abuse of free movement.

Birdie.