UK Prime Minister David Cameron is one person in a position to benefit from the current troubles afflicting the eurozone.
After months of turmoil, there is talk of legislation for changes in the single currency, possibly creating a deeper fiscal union.
Cameron told a parliamentary committee that there would be a price for his signature on any treaty:
“I have always said that I believe Britain would benefit from taking back some powers from Brussels to Britain, and there are some areas where the European Union is damaging in terms of, for instance, the operating of a flexible market economy and I think we might be able to make some progress in those areas.”
The euro is reeling from the shockwaves of the seismic financial crisis.Germany’s Finance Minister warned on Tuesday that strengthening the currency might require significant treaty changes.
Whatever policy decisions are taken, it is clear that the UK will not be giving up its pound in the foreseeable future.