WEEKLY UPDATE JANUARY 28, 2013 Uncertainty and complacency Yesterday The New York Times published an editorial criticising UK Prime Minister David Cameron for the speech he gave last week on the future of the UK-EU relationship . The basic argument is that the United Kingdom will find it hard to renegotiate the terms of EU membership and that Cameron's referendum pledge "presages four or five years of costly uncertainty for potential investors". The first part of this criticism has merit. The United Kingdom's European partners may indeed resist any effort at renegotiation. However, the second part of the criticism is more open to question. There is no doubt that Cameron made a big gamble with this speech. His goal is to silence eurosceptics within his Conservative Party without shedding votes to the UK Independence Party (UKIP). Cameron also hopes to keep the Liberal Democrats inside the coalition while at the same time catching Labour leader
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