British Prime Minister David Cameron was in Brussels on Friday seeking a deal on immigration controls and launching three days of talks that could deliver a draft EU reform package that might keep Britain in the European Union.
Over lunch with European Commission President Jean-Claude Juncker, Cameron will discuss in detail how an EU proposal to meet his demands for curbs on other Europeans working in Britain might work, sources close to the negotiations told Reuters.
If the prime minister and the Union’s chief executive can come to terms on a new “emergency brake” — letting any state cut benefits to workers arriving from the EU if other leaders agree its welfare system is at risk — then the draft package could be circulated to all EU governments on Monday, giving time for wider negotiations until a summit three weeks from now.
Cameron could give a green light to that process, raising the prospect of an accord in mid-February and a referendum on British EU membership as early as June, over a Downing Street dinner on Sunday with European Council President Donald Tusk.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
Craig Erlam
Latest posts by Craig Erlam (see all)
- US Open – Bank Holiday Buzz - 05/26/2020
- Business Breakfast Podcast (Episode 44) - 05/26/2020
- Market Insights Podcast (Episode 114) - 05/22/2020