Mr William Cash: My right hon. Friend insists on five excellent principles, including democracy based on national Parliaments, and he rejects ever-closer union. Other member states want to go ahead with more integration and are demanding it. Last year, on the fiscal compact, they ignored his veto and went ahead, irrespective of the rules of the European Union. Will my right hon. Friend tell us what will happen if, by next spring, they insist on going ahead with their own intended proposals, and what will he do in response?
The Prime Minister: First of all, I thank my hon. Friend for what he says. I believe that what is going to happen is that the eurozone countries do need to make changes to the European Union, as I put it in my speech this morning. They are changing the Union to fix the currency. That is what President Barroso’s report is about and what the four Presidents’ report is about, and it poses quite wide-ranging treaty change. I think this gives us the opportunity and the right to argue that for those countries that are not in the eurozone—and frankly, I believe, are never going to join the eurozone—there are changes we would like, not just for ourselves but for a more open, competitive and flexible Europe. So there
is going to be change in Europe. The eurozone countries do need to make changes, but we should not back off from pushing forward our agenda as well.
