Britain stands alone as Cameron uses veto
Charles Grant, director of the CER think-tank, said that the developments would prove to be a "disaster" for the financial sector. "I can't think of a worse outcome for the City," he added. The rest of the EU would form a caucus "and tell us what they have decided". Others questioned what the opt-out had achieved and warned that it might make a collapse of the eurozone, Britain's biggest trading partner, more likely.