PM finally gets tough with Europe: David Cameron vetoes new treaty to save the euro and hand more power to Brussels

Daily Mail
#Only UK and Hungary certain to stay out of new grouping - and Sweden and Czech Republic may join them in two-tier EU
#After 10 hours of talks 17 Eurozone members and six other countries decide to go ahead with a 'fiscal pact'
#PM defiant as he declares: 'I had to pursue Britain's interests... I effectively wielded the veto'
#French President Sarkozy says Cameron's demands were 'unacceptable'
#William Hague: 'We are not going to give up more of our power from the United Kingdom to the European Union, so in that sense we stand aside'
#City analyst: 'The PM was never going to throw away the advantage the UK holds in financial services, and thank goodness. In the boom times financial services account for one in six pounds collected in tax.'
#Shares and commodities fall in Asia after meeting ends
#Rise in Italian and Spanish bond yields this morning