May 21, 2003
Eurozone members seek greater autonomy.
BBC news article. I had a feeling this was coming. The British look like they don't want the Euro, but want to stay in the EU. I've been wondering how the other Euro nations felt about that. I'll keep following this story, I find it fascinating how it all plays out.
The eurozone governments, led by France and Germany, have asked the European Convention - a body set up to draft a new constitution for the EU - to consider giving them exclusive voting rights on key economic issues.
The move would diminish the influence on European economic policy of the UK, Sweden and Denmark, the three EU nations which remain outside the eurozone.
Although the 12 eurozone finance ministers hold regular informal meetings, economic policy issues are currently decided jointly by all 15 EU finance chiefs.
The proposals, which reinforce claims from British pro-euro campaigners that remaining outside the eurozone would reduce the UK's clout in Brussels, are likely to run into strong resistance from the three non-eurozone countries.
I also find the writing of a constitution fascinating. Why don't they put it online and let everybody create it together?