U.K. Sees German Treaty-Talk Bid as Opening to Repatriate Powers

The U.K. views Germany’s bid to alter European Union treaty rules on bank oversight as an opportunity to pursue its own goal of repatriating powers from the bloc.

British Chancellor of the Exchequer George Osborne told EU counterparts in Dublin yesterday that if one government proposes revisions to the bloc’s treaties, other nations will want to use the opportunity to insert changes, according to a U.K. official.