European Union: Idea of non-eurozone gains support
2 November 2011
In the context of increased integration of the Eurozone, "In Bucharest and London politicians are considering launching a group of non-eurozone countries", announces Adevărul. The idea, first aired by Britain's former foreign minister David Owen in the Financial Times, "germinated in the minds of leaders of non-euro countries in the course of meetings that preceded 23 and 26 October summits, and assumed a more concrete form in the declaration by British Prime Minister, David Cameron, who spoke of the UK’s intention to be a pivot state in a future non-euro zone", the Bucharest daily explains.
According to Adevărul, Martin Schultz, the leader of the socialist group in the European parliament, has spoken of the possible emergence of "an EU divided in three parts: France and Germany, the rest of the Eurozone and other states with their national currencies". In Bucharest, the Businessmen's Association of Romania (AOAR) has already proposed that the government take the initiative to form such a "group".
The daily remarks that the initiative would enable "countries that are not in the Eurozone to better protect their interests", but at the same time warns that ensuring "the unity of the zone" would not necessarily be easy. "The Nordic social model in Denmark and Sweden is not aligned with the neoliberal model in Eastern European countries, and London’s status as a net contributor to the EU budget is very different to the status of Eastern countries which are net beneficiaries of the EU’s cohesion policy", concludes Adevărul.