Osborne insists EU to ‘reform or decline’

This article was last updated on April 16, 2022

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U.K. Chancellor George Osborne will insist Europe must “reform or decline” emphasizing David Cameron’s scheme that reforms will help EU to maintain healthy and beneficial relationship with all member states.

Mr. Osborne has said during a conference on EU reform that the biggest economic risk to the European Union was “failure to reform or renegotiate”.

He has quoted Mr. Cameron’s pledge that the renegotiated terms of Britain’s membership to the EU will be put to the British public in an in/out referendum if the Conservatives return to power at the next general election.

The Conservative government has promised a referendum on in/out EU membership by the end of 2017 in case the British government will fail to renegotiate the terms of Britain’s membership of the EU.

Mr. Chancellor has told that 28-member European Union was becoming less competitive than China and India due to lack of dynamic policies that need reformation to revive the Europe bloc.

Mr. Osborne has told in the London conference on EU reform organised by two eurosceptic groups that the bloc’s treaties were “not fit for purpose” and had to be rewritten.

“We can’t go on like this.”

“The biggest economic risk facing Europe doesn’t come from those who want reform and renegotiation — it comes from a failure to reform and renegotiate.

“It is the status quo which condemns the people of Europe to an ongoing economic crisis and continuing decline. And so there is a simple choice for Europe: reform or decline.

“Our determination is clear: to deliver the reform, and then let the people decide.”

During the current week, 95 Conservative MPs have written to the prime minister, urging him to modify the law in order to give the House of Commons an authority to block any EU legislation. The move was however, rejected by the government  with Foreign Secretary William Hague calling it “unworkable” as it would damage the single market.

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