Cameron in Paris as French fight UK bank-shield de­mand

The Pak Banker - - FRONT PAGE -

UK Prime Min­is­ter David Cameron has trav­elled to Paris on Mon­day to press Pres­i­dent Fran­cois Hol­lande as France leads the ob­jec­tions to Bri­tish plans to re­form the Euro­pean Union. With France head­ing a group of eu­roarea coun­tries un­happy with Cameron's push for safe­guards for banks in the City of Lon­don, the Bri­tish prime min­is­ter will sit down with Hol­lande in the El­y­see Palace at 7 p.m. lo­cal time, ac­cord­ing to a state­ment from the French pres­i­dent's of­fice. Hol­lande was sched­uled to meet EU Pres­i­dent Don­ald Tusk at noon.

Diplo­macy is in­ten­si­fy­ing in the run-up to an EU sum­mit in Brus­sels on Thurs­day when Cameron aims to strike a deal he can sell to the Bri­tish peo­ple ahead of a ref­er­en­dum on whether to stay in the EU.

France's crit­i­cism of some of Bri­tain's de­mands to shield its banks from rules gov­ern­ing the euro re­gion has emerged as one of the big­gest stick­ing points. Cameron needs the en­dorse­ment from all 27 other EU lead­ers for the changes to take ef­fect.

Ten­sions be­tween France and Bri­tain have marked Euro­pean his­tory for the past mil­len­nium. A no­ble­man from Nor­mandy in north­ern France claimed the English crown af­ter de­feat­ing the Saxon in­cum­bent at the Bat­tle of Hast­ings in 1066 and 900 years later Hol­lande's pre­de­ces­sor Charles de Gaulle twice ve­toed the U.K.'s early at­tempts to join the EU.

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.