Carney backs EU membership but demands UK safeguards

As the Brexit debate heats up, Carney (pictured), speaking in Oxford on Wednesday, said Britain's financial stability could be threatened by further integration into eurozone, calling on the Prime Minister David Cameron to secure safeguards, reported The Telegraph. While he praised the EU framework, he challenged Cameron to demand "clear principles" to protect Britain's interests outside the euro. "Overall EU membership has increased the openness of the UK economy, facilitating dynamism but also creating some monetary and financial stability challenges for the Bank of England to manag...