The Return of The Phrase in The 21st Century
The phrase made a comeback in the British media in 2011, when UK Prime Minister David Cameron refused to back a deal to rescue the eurozone. The EU plan for the banks was aimed to solve the European sovereign-debt crisis, by amending the EU treaties, which included the EU financial transaction tax. It would have cost Britain an estimated £26 billion a year. The veto was welcomed by Conservative MPs who support the traditional Tory stance of “splendid isolation” in Europe, and advocate financial independence to regulate its own financial market.
Read more about this topic: Splendid Isolation
Famous quotes containing the words return, phrase and/or century:
“I can neither return your love nor dismiss it.”
—Mason Cooley (b. 1927)
“The “control of nature” is a phrase conceived in arrogance, born of the Neanderthal age of biology and the convenience of man.”
—Rachel Carson (1907–1964)
“It is curious to note the old sea-margins of human thought! Each subsiding century reveals some new mystery; we build where monsters used to hide themselves.”
—Henry Wadsworth Longfellow (1807–1882)