Following the U.K. government’s decision not to endorse a proposed E.U. Treaty amendment which would require stricter adherence to fiscal budgets, some analysts believed the decision to be a poor one. Critics commented that it would hinder the Eurozone’s recovery and, ultimately, weigh heavily on the U.K. economy. The Eurozone is the U.K.’s primary trading partner, and many among the E.U. leadership were disappointed and angered by the U.K. veto. However, it now appears that the U.K. government may be back-pedaling, albeit indirectly. Read more
