Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      Labour ‘political point-scoring’ over bank rules risks investment exodus, top Nomura exec warns

      Ordinary workers are likely to be hit hardest by salary sacrifice changes

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Royal Ascot worth £140m to UK economy

      Breaking news scene with journalists and cameras outside a government building, capturing a press conference in progress.

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Old Pulteney releases 50-year-old whisky for 200th anniversary

      Old Pulteney 50-Year-Old single malt Scotch whisky bottle with elegant packaging on display, highlighting luxury and craft...

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Wednesday 07 January 2015 8:14 pm

After talks with Angela Merkel, is David Cameron’s quest for EU renegotiation doomed to failure?

By: Express KCS

Add as a preferred source on Google

Ruth Lea is economic adviser to the Arbuthnot Banking Group, says Yes

Very little was expected from Chancellor Angela Merkel’s latest visit. But putting that aside, there have to be major doubts that any renegotiation of the terms of the UK’s EU membership would amount to much, however badly some of us would like to see it.

Of course, “success” is a relative term. But David Cameron’s broad agenda, initially outlined last March, provides a useful provisional yardstick. He included immigration reforms (since fleshed out), more powers for national parliaments, reducing the burden of red tape, “turbo charging” free trade deals, decentralising powers, and abolishing “ever closer union”.

But these are radical reforms, requiring a radical change of mindset for the EU, which accretes power rather than disperses it. For those expecting to see them achieved, I quote Merkel’s speech from February 2014: “I am afraid they are in for a disappointment.”

Christopher Howarth is senior policy analyst at Open Europe, says No

Barring a diplomatic meltdown, Cameron will be able to claim success in renegotiating the UK’s EU membership terms. However, cynics may observe that the chances of producing ersatz success are limitless. If Cameron tailors his “demands” to what Germany is willing to allow, and then marks his own homework, it could produce a strong impression.

But there’s no need for cynicism: EU reform is possible, and Cameron is right to see Merkel as key. Germany has reasons to avoid a UK exit, in terms of trade, geopolitical clout, and because Berlin could end up stuck in an EU dominated by protectionist free spending states. So if he asks for modest and reasonable new terms, he should get a fair hearing.

Both leaders know that they need to do more than create an illusion. The degree of EU reform achieved will be a key factor in the 2017 EU referendum. And with trust in politicians at an all-time low, anything short of real fundamental reform could risk a UK exit.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Opinion

Categories

  • Opinion

Related Topics

  • Angela Merkel
  • David Cameron
  • People

Trending Articles

  • As it happened: FTSE 100 relief rally runs out of steam as BP and Shell weigh; Oil hits three-month low

  • London Tech Week sums up everything wrong with UK tech

  • KPMG’s Summer Friday half-day rollback signals deeper woes for Big Four giants

  • Rolls-Royce shares surge as SMR unit bags multi-billion pound Swedish nuclear contract

  • Inflation expectations at record high in interest rates signal

More from CityAM

  • Starmer leadership under threat ahead of awkward King’s Speech

    Politics
    Keir Starmer stands firmly addressing media, emphasizing his decision not to resign amidst political challenges.
  • Ministers to be handed ‘statutory powers’ to steer regulator’s growth agenda

    Regulation
    Breaking news report on current events with a focus on general topics and business insights
  • Jeremy Hunt: Pension triple lock is an ‘anchor drag’ on economic growth

    Politics
    Jeremy Hunt has promised to cut more taxes as “hard work is rewarded”.
  • Going for growth? Labour groups set out competing visions for economic strategy

    Economics
    Keir Starmer addressing backbench MPs in a parliamentary setting, highlighting political strategy and leadership discussions.
  • Jury trial controversy looms over Starmer after King’s Speech points to reform

    Regulation
    The Royal Courts of Justice building with its gothic architecture and iconic facade in London on a bright day
  • Labour leadership turmoil to cost Reeves up to £12bn

    Economics
    Rachel Reeves is looking to introduce planning reforms to boost growth prospects ahead of the Budget.
  • Rayner says she has been cleared by HMRC in fresh Labour leader twist

    Politics
    Angela Rayner addresses the media, discussing current political developments and her role in shaping policy decisions.
  • Rachel Reeves reforms ring-fencing in boost to Natwest and Lloyds

    Banking
    NatWest bank branch exterior with signage, reflecting current branch network changes amidst financial industry updates
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy
  • News
  • Markets & Economics
  • Politics
  • Opinion
  • Life&Style
  • Personal Finance

Follow us for breaking news and latest updates

  • Facebook
  • X
  • Instagram
  • LinkedIn
Copyright 2026 CityAM Limited