Cameron Appeals to EU-Reform Doubters at Home and Abroad

Britain’s prime minister appealed to doubters at home and in other EU capitals on Tuesday to back his attempt to reform the 28-member bloc as a chance to boost prosperity rather than write it off as “Mission Impossible”.

David Cameron, under pressure after overseeing what critics see as a lacklustre start to the renegotiation of Britain’s ties with the European Union before a referendum, used a speech to offer the most detail yet on where he wants change.

The EU executive was quick to call at least one of the British leader’s demands – a limit on benefits EU migrants to Britain are entitled to – “highly problematic”, while saying other proposals such as boosting the role of national parliaments in decision-making in the bloc appeared feasible.

Cameron left little room for doubt he wants Britain to stay in a reformed European Union, linking for the first time British security to its membership. But he also warned that if his demands fell on a “deaf ear”, he could lobby to leave.

“There will be those who say, here and elsewhere in the EU, that we are embarked on ‘Mission Impossible’,” Cameron told diplomats, reporters and business leaders at the Chatham House think tank in London.

“I do not believe so for a minute … The European Union has a record of solving intractable problems … In doing so we can make Britain and the whole of Europe safer and more prosperous for generations to come.”


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.