Balls: Abdication of responsibility over Europe
Shadow chancellor Ed Balls gives his take on David Cameron's veto in last week's European summit in an interview with the Financial Times:
"We were told in the days and weeks ahead of the summit that it was the vital meeting, but then nothing happens.
"There was an abdication of responsibility by all, not just by some.
"Walking away plays into a short-term political game. You should hang in there and argue for a better outcome.
"The fear is that we will see a draining away of influence on financial services matters. David Cameron will have spent the weekend drinking champagne but the hangover could last for many months to come."
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