Watch this video by Quentin Peel, the FT’s international affairs editor, on the Tories and Europe Read more
The inimitable Nicolas Sarkozy couldn’t resist the temptation to term last week’s allocation of jobs in the new European Commission as a victory for France and a defeat for Britain. In particular, the French president crowed, he had outmanoeuvred the Brits by securing the internal market portfolio, which is responsible for financial regulation, for Michel Barnier, the new French commissioner.
It was certainly a little undiplomatic for Sarkozy to uncork the metaphorical Champagne bottles so soon after the announcement of the new jobs. There are many raw nerves in the British government and in the City of London about how various EU measures in the pipeline may damage the UK’s financial sector. Sarkozy touched every one of those nerves with a rod of fire. Read more
As of today the European Union is going about its business under a new set of rules known as the Lisbon treaty. In Brussels this is universally seen as a good thing because, to quote Rebecca Harms and Daniel Cohn-Bendit, co-presidents of the European Parliament’s Greens faction, the treaty “sets the framework for increased European democracy, better decision-making, higher levels of transparency and closer participation of European citizens”.
Well, perhaps it does and perhaps it doesn’t. One thing’s for sure: the new arrangements strengthen the European Parliament – hence the enthusiasm of Harms and Cohn-Bendit. But the Lisbon treaty’s reforms are like the ingredients of a good dinner. Use them intelligently, and all will be well. Forget to put in the garlic and the peppers, and it will taste terrible. In other words, wise leadership and a sense of responsibility to something higher than one’s domestic political audience are going to be necessary to make Lisbon work effectively. Read more