Merkel-Cameron Clash on Taxes, EU Exposes Widening Breach
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Germany and Britain clashed over taxes and the future shape of the European Union, as the euro-area sovereign debt crisis exposed a widening breach between the U.K. and its partners in the 27-nation bloc.
German Chancellor Angela Merkel won’t let the U.K. “get away” with its refusal to back a financial-transaction tax, a top official in her party said today. Hours earlier, British Prime Minister David Cameron rebuffed Merkel’s call for political union in Europe, dismissing it as “utopian visions.”