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'Giving Up Sovereignty Is a High Price to Save a Currency U.K. Never Adopted'

Irwin Stelzer writes in the Wall Street Journal -

Now, the Lisbon Treaty is to be amended so that the failure of Greece, Portugal and Ireland to get their deficits under control will require Britain to contribute to future bailouts to save the euro, which Britain wisely refused to adopt.

The eurocracy will say that because the treaty is being reopened for "limited purposes" only, there is no need for new referenda. Unfortunately for Mr. Cameron, "the limited purposes" include just the sovereignty transfer the prime minister has promised to resist.

Unfortunately the indications are that Mr Cameron is either a europhile or spineless.

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