Daily Record - BRITAIN was left isolated and friendless in Europe last night after David Cameron refused to sign a deal to protect the single currency. His stubborn demands for something in return meant we were the only one of the 27 EU member states not to back a new treaty. There are 3.5million UK jobs that rely on European trade and £9.5billion of Scottish exports - around half - are sent to eurozone countries.
The Prime Minister refused to sign the pact after a 3am bust-up with French president Nicolas Sarkozy - and our dramatic veto of the "do or die" package has thrown our future in the EU into doubt. The Brussels summit saw the PM and Sarkozy embroiled in a heated discussion in front of other EU leaders in the early hours. Sarkozy, who at one point had to be physically restrained during the talks, said Cameron had made "unacceptable" demands. The French president later snubbed him by refusing to shake his hand.
The 17 single-currency countries will push ahead with strict spending rules to stop Greece-style debts bringing the euro crashing down. But Cameron blocked an EU-wide financial transaction tax because it would have damaged our vast banking industry, with the City of London accounting for 10 per cent of the UK's wealth.
German chancellor Angela Merkel, architect of the new treaty, said: "I didn't think David Cameron sat with us at the table. We had to get some sort of agreement and we couldn't make compromises, we had to meet tough rules."
David Cameron's stance on euro leaves Britain isolated
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