🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

Hammond says EU facing more pressing issues than UK renegotiation

Published 26/01/2016, 18:25
© Reuters. Britain's Foreign Secretary Philip Hammond attends a meeting of Foreign Ministers about the situation in Syria at the Palace Hotel in the Manhattan borough of New York

LONDON (Reuters) - Britain's renegotiation of its relationship with the European Union is less pressing than some other issues the bloc is facing but the country still hopes to reach a deal in February, Foreign Secretary Philip Hammond said on Tuesday.

Prime Minister David Cameron, who has promised to reform Britain's EU ties ahead of a membership referendum due by the end of 2017, has said he hopes to get an agreement at a Feb. 18-19 meeting of EU leaders but could wait longer in order to clinch the "right deal".

"Unfortunately some of the other things are very much real-time challenges for the European Union whereas this agenda is one that can be dealt with in slightly slower time," Hammond told a committee of lawmakers from parliament's upper house.

"I think it would be inappropriate of us, and it would also be unwise, of us to try and push our agenda ahead of other things which the other EU member states will see as being pressingly urgent."

Hammond did not specify which issues he had in mind but the 28-nation EU is wrestling with the biggest migrant crisis since World War Two, with more than one million refugees fleeing wars in the Middle East and beyond arriving in Europe last year.

The countries of the euro zone are also still far from completing fiscal, banking and other reforms they hope will put a definitive end to their years-old sovereign debt crisis.

Hammond said it would be possible to hold a referendum in June if a deal were reached in February, adding that the government had not done any contingency work in the event of a British vote to leave the bloc.

"This will not be a quick, certainly not an immediate, probably not a quick, process. And for that reason the government has not found it necessary to do any contingency work in this area," he said.

"We would expect there to be a period of certainly years during which these discussions would take place."

Recent opinion polls show Britons who have already decided how they will vote are almost evenly split between those wanting to remain in the bloc and those wanting to leave.

© Reuters. Britain's Foreign Secretary Philip Hammond attends a meeting of Foreign Ministers about the situation in Syria at the Palace Hotel in the Manhattan borough of New York

Cameron, whose ruling Conservative Party is deeply divided over the issue, says he wants Britain to stay in a reformed EU.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.