Deadline: tomorrow! Help meet our fall fundraising goal GIVE NOW
European Debt Crisis

David Cameron in the ‘doghouse’ with euro peers

Stephen Beard Dec 12, 2011

Jeremy Hobson: Well, one country that is not signing onto the deal is the United Kingdom. And today Prime Minister David Cameron will tell lawmakers way.

Marketplace’s Stephen Beard reports from London.

Stephen Beard: As far as his European partners are concerned, Prime Minisiter David Cameron is in the doghouse. But the U.K.’s tabloid newspapers have hailed his action at the summit as a sign of Britain’s bulldog spirit.

They say he’s standing up to his European partners and defending the U.K.’s financial center from further European interefence. But, others accuse “Bulldog” Cameron of biting the hand that feeds. The EU accounts for half of all British exports.

Ed Miliband is the leader of the opposition Labour party. He says Cameron, has left Britain isolated.

Ed Miliband: We’re now going to have 26 countries going ahead without us in the room; us excluded from key economic decisions. And frankly, David Cameron has mishandled these negotiations very badly.

Cameron’s move seems popular with the British public. An opinion poll today showed that almost two-thirds of the people supported Cameron, saying that for Britain to get closer to its European partners now would be barking up the wrong tree.

In London I’m Stephen Beard for Marketplace.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.