Boris Johnson, Mayor of London | December 12, 2011
David Cameron’s “veto” is nothing so new in EU negotiations; the real problem is it exposes the contradictions of the Euro. ++ Euro nations face an unworkable problem; a single currency needs greater political union but such a union cannot be built democratically. ++ Instead of engineering a complex fiscal union, EU leaders should focus on removing the real trade barriers that still exist in the single market. ++ So long as national governments maintain their sovereignty, “binding” rules will continue to be ignored in favor of national interests.