Osborne to Germany – Let’s Do a Deal on EU Reform

Chancellor George Osborne appealed to Germany on Tuesday to ensure euro zone decisions and costs are not imposed on Britain and promised in exchange the country’s help in making the single currency union stronger.

Osborne, seen as the frontrunner to succeed Prime Minister David Cameron, is leading a new round of talks in European capitals, keen to sell Britain’s proposals for reform while keeping vocal eurosceptics in his own party at bay before a referendum on membership of the bloc by the end of 2017.

Speaking to government and business leaders in Berlin, Osborne outlined what he said were “the changes we need to stay in the European Union”.

“Let me be candid: there is a deal to be done and we can work together,” he said at an event sponsored by the Federation of German Industry (BDI).

“Rather than stand in your way and veto the treaty amendments required, we in Britain can support you in the euro zone make the lasting changes that you need to see to strengthen the euro.

“In return, you can help us make the changes we need to safeguard the interests of those economies who are not in the euro zone,” he said.


Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.