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Britain and the EU: The euro: not the Titanic, but Chernobyl

NOBODY mentioned the Titanic, at least not when I was listening from the press gallery of the House of Commons. Your blogger headed to Parliament to hear David Cameron explain to MPs his decision to reject proposed changes to the European Union treaties, forcing the countries that share the euro to aim, instead, for a pact among themselves outside the EU's main structures.It was all rather decorous. There was none of the bombast of the weekend's press coverage, in which Conservative MPs and conservative commentators vied to praise Mr Cameron for pulling Britain clear from the looming collapse of the euro and, perhaps, the entire European Union project. Specifically, nobody compared the euro to a doomed ocean liner, a train heading at speed for the buffers, or a burning building: all of them favoured images over the weekend.There were no references to the second world war. Nobody was called a traitor. The whips had been out in force, instructing Tory MPs not to gloat or launch attacks on their Liberal Democrat coalition partners, whose pain was made vocal (rather late in the day) when the deputy prime minister Nick Clegg said on Sunday that he feared that Britain might end up "isolated and marginalised" in the EU.Mr Cameron was in sober form. He seemed to many of us hacks in the press gallery to signal that Britain might yet give ground and allow the new euro-plus pact of 23 ...
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