“If you are in favour of the UK remaining a Member State of the European Union, this week’s summit was a disaster. If you want Britain to leave the EU there are some reasons to rejoice. It’s that simple.
The agreement is that the 17 Member States of the Eurozone, plus 6 others (Bulgaria, Denmark, Latvia, Lithuania, Poland, Romania) will conclude between them a Treaty outside the formal EU structures in order to guarantee the long term stability of the Eurozone. Czech Republic, Hungary and Sweden may eventually join too. This gives Angela Merkel and Nicolas Sarkozy precisely what they wanted, albeit with some additional legal complexity in terms of how this will work with the EU institutions.”