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Sharlene Goff of the Financial Times told listeners to the recent FT podcast that the City could be in a lose-lose situation as a result of this latest political action, as future talks will not involve the UK.
"I think the problem now is that he failed to win those concessions to safeguard the City and the veto means he now doesn't have a seat at the table in the future," she commented.
Ms Goff added that the future protection of the stock market may have been a secondary concern for the PM behind winning points at home, as the way he delivered the veto baffled some European MPs.
The news follows falls this week for the FTSE 100 in the aftermath of the latest eurozone deal, with Reuters reporting the UK's leading index lost 0.5 per cent (28.48 points) in share trading on Wednesday (December 16th).
Posted by Greg Secker
