Find the latest episode of "This Is Uncomfortable" here. Listen
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.

Marketplace is on a mission.

We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.

Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?

Your donation is critical to the future of public service journalism. Support our work today – for as little as $5 – and help us keep making people smarter.