The Coalition Government’s proposal for a ‘referendum lock’ on future transfers of powers to the EU has already been branded “worthless” by some Tory backbenchers .
It’s easy to share their frustration at the Coalition’s lack of interest in EU reform so far. After all, the Government has chosen to opt in to the European Investigation Order; signed up for new EU financial supervisors; and chosen not to challenge the UK’s participation in the eurozone bailout (making British taxpayers potentially liable for up to £8 billion in loans to eurozone governments).
However, the referendum lock is still significant. New crises, situations and politicians’ egos will always drive the need for another treaty and further integration. For example, German Chancellor Angela Merkel has repeatedly called for a new treaty to fix the eurozone, likely to spill over to Britain in one way or another. The threat of the UK’s referendum lock could be an important strategic asset to argue that a repatriation of powers is the only way the British electorate would agree to the changes.
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