UK, EU Strike Deal To Avert Brexit Threat For Now
The U.K. prime minister has managed to extract some concessions from the EU.By Matt Picht | February 19, 2016
After marathon negotiations, United Kingdom Prime Minister David Cameron and European Union leaders have struck a deal meant to keep the U.K. inside the EU, at least for the moment.
Initial reports say the deal is a political win for Cameron — it includes a seven-year "emergency brake" on welfare payments for EU migrants, measures to keep Britain competitive with the rest of the EU, and a U.K. exemption from the EU's goal of an "ever closer union."
The agreement should give Cameron some political ammo in the fight over whether the U.K. should leave the EU. Cameron's government has promised a referendum on the issue this year, but the PM has been campaigning to keep the country in the EU.