Prime Minister David Cameron Stands Up for British Sovereignty

At Telegraph UK, "EU treaty: David Cameron stands as the lone man of Europe":

David Cameron took a decisive step to distance Britain from the European Union on Friday as he became the first prime minister to veto a new EU treaty.

Mr Cameron provoked widespread anger among European leaders by refusing to back a deal to rescue the eurozone, delighting Tories and raising questions about Britain’s future in the EU.

After Nicolas Sarkozy, the French president, led objections to his “unacceptable” demands for legal protections for the City of London, the Prime Minister refused to give Britain’s backing for a new treaty to create a “fiscal union” among eurozone members.

At the end of an acrimonious summit in Brussels, all 26 other EU members signalled they could now support the new treaty, leaving Britain in a minority of one.

Conservative MPs welcomed Britain’s move back towards the traditional Tory stance of “splendid isolation” in Europe — a term for the foreign policy of the late 19th century.

Also at Telegraph, "Eurozone banking system on the edge of collapse."

Looks like a smart call by Cameron.