When British Prime Minister David Cameron agreed with the EU in February on revised membership terms for the UK, he insisted that the EU be recognized officially as a “multi-currency union.” The muddled way his demand was fulfilled reflects enduring confusion about how such a union can function.
WASHINGTON, DC – When British Prime Minister David Cameron agreed with the European Union in February on revised terms for the United Kingdom’s membership, he insisted that the EU be recognized officially as a “multi-currency union.” With clear limits on European integration in place, on currency and other issues, Cameron believed that he would be able to win a popular majority in favor of the deal – and thus of remaining in the EU – when the UK holds its referendum on June 23. Yet, rather than providing such clarity, the pact uses contorted language to avoid such an official declaration – and the explanations that would have to come with it.
WASHINGTON, DC – When British Prime Minister David Cameron agreed with the European Union in February on revised terms for the United Kingdom’s membership, he insisted that the EU be recognized officially as a “multi-currency union.” With clear limits on European integration in place, on currency and other issues, Cameron believed that he would be able to win a popular majority in favor of the deal – and thus of remaining in the EU – when the UK holds its referendum on June 23. Yet, rather than providing such clarity, the pact uses contorted language to avoid such an official declaration – and the explanations that would have to come with it.