British Queen Emphasizes Importance of European Unity

The Queen has emphasised the importance of European unity in a speech in Germany, as U.K. Prime Minister David Cameron tries to negotiate extra concessions in an effort to prevent the country leaving the European Union.

“We must work hard to maintain the benefits of the post-war world,” Queen Elizabeth II told a state banquet in Berlin, as part of a state visit to Germany.

“We know that division in Europe is dangerous and that we must guard against it in the west as well as in the east of our continent.”

The comments have been interpreted as pro-European Union membership, just as the U.K.’s commitment to the single market appears to be wavering.

The Queen’s statement, made at a dinner attended by German Chancellor Angela Merkel and Cameron, is particularly interesting because she has been extremely discreet about her beliefs in the past. The U.K.’s monarchy usually stays out of politics.

The Queen, herself of German ancestry and married to a man who was born a Prince of Greece, served in the Second World War as a mechanic and driver. She said that she had “seen the worst” of her continent – a reference to the conflict.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza