Sarkozy: EU now a two-speed alliance

2011-12-12 19:12

Paris - French President Nicolas Sarkozy admitted on Monday that the European Union was now a two-speed alliance but insisted that Britain would not be forced out of the bloc's single market.

Sarkozy and German Chancellor Angela Merkel fell out with Prime Minister David Cameron at least week's EU summit, when London refused to sign up to a pact imposing closer economic co-ordination between member states.

"We did everything, the chancellor and I, to allow the British to take part in the agreement. But there are now clearly two Europes," Sarkozy said in an interview with the French daily Le Monde.

"One wants more solidarity between its members and more regulation. The other is attached only to the logic of the single market," he said.

But, asked whether Britain, which has refused to join the single currency and opposed last week's fiscal pact, could still remain inside the EU single market, Sarkozy said: "We need Great Britain".

"We'd be greatly impoverished if we allowed its departure which, luckily, is not on the agenda," he insisted.

Separately, the head of France's financial regulator branded Cameron's Conservatives "the stupidest" right-wing party in the world for pushing its leader into confrontation with Europe.

"It's rare to see a European country truly refuse to reach a deal because of, to put it crudely, pressure from the finance lobby," Jean-Pierre Jouyet, chair of the AMF market regulator, told France Inter radio.

"For a long time we have thought the French right the stupidest in the world," he continued.

"I think, in this case, the British right has shown that it can be the stupidest, in that it has served not its national interest but purely the interests of high finance," he declared.

"I think that's a shame because we need our British friends in Europe," he said, arguing that Cameron's centre-left predecessors Tony Blair and Gordon Brown would not have made "the same mistake".

Read more on:    david cameron  |  nicolas sarkozy  |  france  |  uk  |  germany  |  europe debt crisis
NEXT ON NEWS24X
SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Add your comment
Comment 0 characters remaining
 

Inside News24

 
/News
 

This is what South Africans Googled in 2014!

Find out who and what South Africans were most curious about in 2014!

 
 

I love summer.24

This hilarious song is your new holiday anthem
The world's least visited destination is breathtaking!
LOL treadmill fail!
Google’s top searches of 2014

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Kalahari.com - shop online today

2DAYS ONLY – 30% off Appliances

Coffee makers, blenders, fans, juicers and more. T&Cs apply. Shop now!

2 DAYS ONLY – 40% off books

Get 40% off when you buy 2 books. For two days only! T&Cs apply. Buy now!

Up to 50% off on outdoor gear

Save on chairs, blankets, cooler bags, umbrellas and more. Shop now!

Save on Samsung

Cameras, mobile phones, TVs, Tablets and more. While stocks last. Shop now!

Grand Theft Auto 5

Now available on PS4, Xbox One and PC from R649. Buy now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Horoscopes
Aquarius
Aquarius

You may be emotionally defensive or reserved today. You need to step up today as there may be extra responsibilities to deal with....read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.