MOSCOW (Sputnik) — Cameron sought to revise the terms of his country's EU membership, focusing on four main issues: shifting power away from EU authorities to the UK national legislature, exempting Britain from the EU "superstate" principle, stripping the euro of the single official EU currency status, and protecting the British economy by keeping eurozone members away from non-eurozone countries’ affairs.
“David Cameron promised British voters half a loaf, begged Brussels for a crust, and brought home crumbs. His so-called deal, which will not be finalized in time for the referendum and is not legally binding, despite the Prime Minister’s claims, does not return a single power to us from Brussels,” Jack Montgomery said.
Moreover, under the terms provided, London would still have no real power to control EU migration or strike bilateral trade agreements or cast an independent vote on important global bodies like the World Trade Organization.
All that, he says, undermines UK ability to create new opportunities for exporters or protect strategic industries like steel from unfair competition.
“David Cameron wants us to believe that this is 'a leap in the dark.' The truth is that it’s the normal condition for every advanced economy in the world outside the declining, crisis-stricken EU customs union,” Montgomery added.
Britons are scheduled to go to the polls on June 23 for an in/out referendum, after Cameron and 27 of his European colleagues negotiated a deal to grant the UK a special status within the bloc.
