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There was little to suggest any seething anger from the French President, Nicolas Sarkozy on David Cameron’s stance at the summit. The words in his news conference were measured and diplomatic. He stressed again decisions have been taken for the good of Europe.

“As you know, we would have preferred a reform of the treaties with 27 members. That is not possible given the position of our British friends. It will therefore be an intergovernmental treaty for 17 that is open to all those who want to join us,” he said.

There have been reported rifts before between Sarkozy and Cameron. As Europe forges ahead with the survival of the eurozone the priority, where will that leave Britain and its financial institutions within the bloc? Even more isolated believe many analysts.

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