“We’re on track for a multispeed EU and the UK government is OK with it. That is the main conclusion for the UK from a week from a week when the Euro was, at least temporarily, brought back from the brink with a 15 point plan for its rescue.

Oh, a multi-speed Europe. We’ve been there before. That would be John Major not committing Britain to the Euro or the social chapter, and Blair and Brown essentially not budging from that position.”

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