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Will Britain be forced out?

I want to briefly reiterate the theme of an October post on Britain’s role in Europe because of a speech the Prime Minister David Cameron made earlier today. Cameron, in a major speech in London, promised that if his party wins the next general election, he will put Britain’s EU membership up for a vote by the electorate. In truth, Cameron delivered a vigorous defense of Britain’s membership but with the caveat that much needs to be changed to make Europe more democratic and more accountable.

This has been coming for some time, largely because of the threat “more Europe” means to British national sovereignty and Britain as a financial centre. As I wrote in October when asking, “as the EU moves toward fiscal union, will Britain be forced out?:

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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College. Edward also writes a premium financial newsletter. Sign up here for a free trial.