German Chancellor Angela Merkel has announced to the Members of the Parliament of her country that the UK will continue to be a very strong partner in the European Union even if they decided not to sign the EU summit deal.
According to Merkel, she felt a high level of regret that the Prime Minister of the UK David Cameron was not able to take part in the journey to fiscal union.
In the past week, all of the member countries of the European Union have signed the agreement on the new fiscal rules. There were 26 representatives who affixed their signatures on the agreement.
According to the UK PM Cameron, the deal was not about to give any safety measures that will support the financial sector of his country.
The EU summit deal was the result of the debt crisis that a lot of the EU countries have been experiencing in the last few years. It is the solution that the eurozone has provided in order to avoid acquiring further debts in the future. The summit deal for the EU includes budget prudence legislations for each of the member countries.
“I am convinced that if we have the necessary patience and endurance, if we do not let reversals get us down, if we consistently move towards a fiscal and stability union, if we actually complete the economic and currency union then what I have always stated as our goal since the beginning of the crisis will come to pass,” says Merkel.