UK digs in over EU financial reform | The Daily Star
11:00 PM, October 20, 2009 / LAST MODIFIED: 11:00 PM, October 20, 2009

UK digs in over EU financial reform

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Britain could block any EU financial reform proposals seen as impinging on its fiscal sovereignty, a senior Treasury official said Tuesday as EU finance ministers met in Luxembourg.
The British government source said some countries at the talks were attempting to change a deal agreed by the EU council in June in which European leaders agreed financial supervision should not undermine fiscal sovereignty.
"Any attempt to unpick or go further may just cause deadlock," said the source, adding: "The hold-up is not with us."
"The minute the June deal is back on the table, we can make very quick progress," he continued.

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