Go Cameron, Go

David Cameron, far from being in a noose over the EU and the euro - supposedly tightened by the so-called euro-sceptics, is actually in a great position.

Provided! He grabs this opportunity for the UK to be a strong reforming force in the EU. What do I mean by that?

- He should take a strong stand about the successful future of the EU and the wide adoption of the euro.

- He must avoid the temptation to just do what the city wants, he must do what, us, the people want. Fairness, equality, care… sovereignty of our money…

- He should indicate that, if reforms go ahead and markets are suitable then the UK will join the euro.

- He should "join them" not "stand apart", the UK has a huge amount to offer to the ongoing proposals, we started our efforts to reduce our budget deficit a while ago, others are just starting. His advice on how to go about it is invaluable.

This is the politics of international relations, the USA (including its S&P, Moody's and other rating agencies) is already in decline and no longer able to bully the world over how things should be run. China is budding, but the EU has all the ability to take a leading position in the world. Just let's get it right.

The basic operating methodology of financial markets (mathematical calculation of risk, association of risk and interest, deep levels of CDS on loans…) has to be challenged by governments who are acting for their people. Our sovereignty has an indeterminate value, not a fixed value appointed by financial organisations.

Not that this means governments can run up huge debts, they cannot and must be stopped from doing so. But this has to done throughout the EU not just to sustain the euro as a currency, that is a consequence not a cause. We need to take 20 years to solve the debt problem, not a week that financial markets would like to see to sustain their ridiculous short-term culture.