Reuters - Video

Edition: US | UK | IN | CN | JP

Video

UK EU exit row hits Cameron

Tuesday, May 14, 2013 - 02:02

May 14 - President Obama may have warned the UK against leaving the EU but pressure continues to mount on PM David Cameron. Joanna Partridge asks how damaging the speculation is and looks at a new report which suggest the debt crisis has shattered faith in the European Union and increased distrust between core nations.

▲ Hide Transcript

View Transcript

Not a good time to be away from home David Cameron was visiting Boston as a storm brewed over Britain's membership of the EU. He's allowing his Conservative MPs to unveil a bill on EU membership, which could make a referendum on an exit legally binding. William Hague is Foreign Secretary. SOUNDBITE: William Hague, British Foreign Secretary, saying (English): "What is certain with this, is we can have a debate, we can have a vote, MPs can all declare where they stand and we can try to get it through." Back in January, Cameron promised an in-out vote on the issue in 2017 if he wins the next election. But that didn't silence eurosceptics, at a time when some voters are turning to the UK Independence Party, led by Nigel Farage. SOUNDBITE: Nigel Farage, UK Independence Party leader, saying (English): "Cameron's problem is this, a few years ago he gave us a cast-iron guarantee that if he was prime minister, he'd give us a referendum and the Tories' big difficulty is, while he's said he'll give us a referendum next time, a lot of the public just don't believe him." The bill's put him in a difficult position - discussing European trade deals with President Obama, when some of his party want to leave Europe. It's also worrying some investors, says Christian Schulz from Berenberg Bank. SOUNDBITE: Christian Schulz, Senior Economist, Berenberg Bank, saying (English): "There is a big uncertainty, there is a big risk as well, and I think the two of them together will weigh on foreign direct investment into the UK until that referendum is finally held. So four years where foreign direct investment is very likely to be less than what it could have been." It may not just be the Brits who are losing their faith in the European project. A new survey shows disillusionment with the EU is growing in other member states - due to the debt crisis. The Pew Research Centre questioned over 7000 EU citizens, and found the crisis has even affected how much countries - like France and Germany - trust each other. While it's the UK talking about an EU-exit at the moment - if the region's economy doesn't pick up soon - others may decide to join in

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

UK EU exit row hits Cameron

Tuesday, May 14, 2013 - 02:02