Cameron’s pandering to euroscepticism and the illusionary ‘national interest’ is a failure of leadership and leaves Britain in a lose-lose situation

Last night, at the EU summit in Brussels, David Cameron chose to placate the Eurosceptic wing of his party by choosing to reject an EU treaty change. Olaf Cramme argues that while this decision may pay off politically in the short-run, it is indicative of an ideological stubbornness, and will once again bring the City of London to the fore, thereby weakening other efforts to rebalance the economy. The continuous failure to constructively define Britain’s vision for and interest in the EU has created a lose-lose situation