Britain ‘might drift towards the exit’ if the EU fails to reform and address its problems, said PM David Cameron during a speech in Bloomberg.
According to the Mr Cameron, the Eurozone lacked the right governance and structures to safeguard the single currency. As main problems existing in the EU, the PM outlined the ‘crises of European competitiveness’ as well as the ‘gap between EU and its citizens’.
He said: ‘I want a relationship between Britain and the EU that keeps us in it. That is why I am here today: to acknowledge the nature of the challenges we face.’
The PM set out his version of a different union, built on principles of competitiveness, flexibility, power flowing back to member states, democratic accountability and fairness. David Cameron said he wanted to renegotiate the UK’s relationship with the EU and then give people a referendum with the ‘simple choice’ between staying and leaving.
He said: ‘I believe in confronting this issue – shaping it, leading the debate. Not simply hoping a difficult situation will go away.’
The PM added that future changes will be beneficial to both Brussels and the UK. He dismissed the idea that Britain would be better being outside the union like Norway or Switzerland.
‘Britain’s national interest is best served in a flexible, adaptable and open European Union and that such a European Union is best with Britain in it,’ said the PM.