Business The Punt

Friday 9 December 2016

The Punt: George Osborne's grand European tour

Published 25/08/2015 | 02:30

George Osborne. Photo: Bloomberg
George Osborne. Photo: Bloomberg

The George Osborne road show kicks off this week, as the Chancellor of the Exchequer, below, sets out to convince colleagues in various European capitals why they should be supporting Britain's push for reform within the European Union.

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His key argument will be how Britain's plan will help fellow nations, and suggest that governments should be capitalising on the wave of public support in favour of looking at how the EU operates.

The road trip this week focuses mostly on Scandinavian countries, with stops in Sweden and Denmark, so he will also focus on protecting the integrity of the EU's single market and the rights of non-euro nations as the 19 countries that use the common currency press on with closer economic integration.

The Danish crown is allowed to float within a narrow range of the euro. The Swedish crown is not closely tied to the euro and support among Swedes for joining the common currency is low. Osborne will also visit Eurozone member Finland. The road show will be the first of many to come as the British government ramps up its diplomatic efforts. London may be pushing against an open door given the perception in many quarters about the recent Greek bailout negotiations.

Irish Independent

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