Recent news suggests that France and Germany may be seriously planning to form a new zone within the eurozone, further deteriorating the UK’s influence in that region. Although some sources believe that France is the main ‘instigator,’ there is growing evidence that Germany may well be a party to what could very well lead to the demise of the EU as we know it today.
Amidst the turmoil this has caused, David Cameron is compiling urgent arrangements which would help the UK avoid being forced into making decisions they are not comfortable with. This new union that has been proposed by France and Germany would divide a sub-group within the EU and this new, smaller union would even be able to ban some smaller and weaker countries from taking part.
Although there is some certain amount of evidence leading to the fact that Germany is involved in plans for this union within the larger EU, what is known is that France is currently spearheading the movement. As a result, many analysts believe that France will now become the next major nation to jeopardize the single currency.
Added to these worries and the fact that former PM Gordon Brown states about the financial ramifications for France in the coming days and weeks, Angela Merkel (German Chancellor) is returning like for like by warning the UK that they need to unconditionally accept the changes in the Lisbon Treaty. If the UK does not agree, Angela Merkel believes a split will surely happen with the UK being made a minority holding limited voting power.
If there is no change to the treaty, Merkel says that other members will ‘peel away’ putting the EU in peril of breaking up. Merkel does not want this and as a result is trying to add leverage in forcing the UK to comply. The world awaits the UK’s response to these warnings that are viewed by some as threats.
