Bloomberg View: David Cameron's Reckless Bravery

After a bold speech, Britain’s PM needs to increase the U.K.’s influence in Europe
Illustration by Bloomberg View

Prime Minister David Cameron’s long-anticipated and much-hyped speech on the U.K.’s place in the European Union turned out to be both domestically astute and a gamble with Europe whose outcome is hard to predict.

Speaking at Bloomberg LP’s European headquarters in London, Cameron promised first to renegotiate the terms of the U.K.’s membership in the EU, and then by 2018 to hold a referendum for Britons to choose whether to accept the new deal and remain members or pull out.