Quote: El Barbudo "Cameron's veto doesn't actually prevent the Eurozone group from enacting anything, it merely makes it less easy.
We now have a situation where he has stepped-out of any discussions, we don't even get to sit-in on the meetings.
He has achieved, not just nothing, but worse than nothing.
Way out of his depth and so used to getting his own way, he couldn't negotiate his way out of a paper bag.'"
If you watched Newsnight last night or you may have seen it on the BBC web site , there is a theory going that simple incompetence was a big factor in getting Britain's requests for various opt outs simply dismissed out of hand.
Apparently what normally happens when something like this summit is on the cards is that the Foreign Office machinery swings into action and the diplomats start forging alliances and basically softening up our partners priming them for the summit or whatever. It is supposed to be brilliant at this and it is how all UK governments have approached such delicate negotiations over all the time we have been in the EU.
Not this time. Instead of engaging the Foreign Office, briefing them on the objectives and letting them off the leash, No. 10 kept it all to themselves. Reasons as to why are possibly not to reveal DC's hand (going against the accepted practice described above) or because Hague was felt to Eurosceptic to be trusted (though that point is now completely moot!).
The upshot is the British proposals were only presented in any detail at 02:30 in the morning. Though other countries they were no doubt aware Britain had reservations they had no idea of the details. That was the first 26 heard of them in any detail. They had no time to digest what they were or the implications of them and so had little choice but to reject them.
In the past our natural allies in the EU such as Denmark, Sweden and the Eastern countries would have been fully briefed and if we assume our proposals were reasonable they would have backed them. This would have made it impossible for Sarkozy to block the proposals because if he did then it would have been him who put the spanner in the works of the agreement.
As it happened because we had no allies Cameron made it easy for our demands to be rejected which they were and now instead of having reached a negotiated settlement with our demands part of the deal, any financial regulations will be subject to qualified majority voting so the veto is useless anyway.
This saga shows just what a rank amateur DC is and what a spectacular own goal he just scored.