6:18 AM
Jalal HB
[ Irish Times ] 7 Dec
BRITISH PRIME minister David Cameron has raised the stakes over Friday’s crucial meeting of European Union leaders, warning that he will veto a new EU treaty unless it guarantees protections for London’s multibillion financial services industry.
The French and the Germans, and some other EU states want a tax on all financial transactions, but the British argue that that would excessively penalise London – Europe’s dominant financial centre, and has consistently ruled it out.
