Britain, facing isolation and criticism after vetoing Europe Union treaty changes aimed at save the Euro currency, has gained the support of the Polish government that could see London claw its way back to the negotiating table in Brussels.
Prime Minister David Cameron also received an indirect boost after Francois Hollande, Socialist favourite to win the French presidency elections in May 2012, said he will renegotiate the ‘fiscal compact’ hammered last week in Brussels.
“If I’m elected president, I’ll renegotiate this deal,” Hollande said Monday, adding Europe needed to adopt measures to boost economic growth to add to the compact’s “golden rule” on budget deficit harmonisation. “We can adopt golden rules in all countries. If there’s no economic growth, we will achieve none of the targets on deficit reduction.”
Some analysts put down Hollande’s comments to political posturing aimed at opposing President Nicolas Sarkozy’s strong support to the deal.
Polish finance minister Jacek Rostowski told BBC television on Monday night, “There is a possibility to meet at least some, and possibly, all of the UK’s requests at some stage down the line. It will be for the benefit of the whole of the European Union for that to happen and for UK to be able to join at a later stage.”
According to The Times on Tuesday, Britain looks likely to be joined by Sweden outside Europe’s new bloc.