Economy World

London needs to review its ties with the EU (Cameron)

Britain must remain in the EU but needs to reconsider its relations with Brussels, in the context of debt crisis affecting the euro area, said  the British Prime Minister David Cameron on Monday.

Leaving the EU is not in our national interest. Outside, we would end up like Norway, subject to every rule for the Single Market made in Brussels but unable to shape those rules,” said the Conservative leader, in a speech at the City of London.

He said members of the European Union must be cautious in their decisions on reform of the organization. For its part, the United Kingdom should not “get away” from the Union but rather “take a step back” to review its ties with the EU.

On 24 October, the British Parliament rejected an amendment proposing a referendum on keeping Britain in the European Union. However, nearly 80 Conservative MPs voted in favor of the text.

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