Best political riposte was Sarkozy to Cameron, “You’ve lost a good opportunity to shut up.” The Brits, playing the skeptic true to type, are being left out in the cold as European negotiations to save the euro continue.
In some ways, analysts say, Britain has more at stake in the crisis than the other nine members that do not share the euro. Britain, after all, is home to Europe’s largest financial center, a crucial part of its domestic economy.
At the same time, the British economy is tightly linked with the Continent. As a bloc, the euro zone nations, led by France, Germany and Italy, are by far Britain’s largest trading partners.
“The fear is that a strong caucus of euro zone members would say, ‘Here’s what we want and we’ll push it through,’ ” said Iain Begg, a professor at the London School of Economics.