How will Cam be treated back in the UK?

A couple of days ago the main story of the EU summit was how the nations would save the Euro, but this morning it has changed to Britain’s veto and the future of the EU.

That is even more so since our erstwhile allies in rejecting a deal, Hungary, the Czech Rep, and Sweden are all now looking to sign the “inter-governmental accord” leaving us in our very own group of one.

That has suited France and Germany who have removed the UK as a potential barrier from blocking their goals. One Labour MP also suggested to me this morning that Cameron had been deliberately hostile to a deal in order to paint himself as a blueblooded eurosceptic before a potential election.

Either way both Labour and Tory MPs that I’ve chatted with, both anti and pro EU, appear off-the-record to be agreeing on one thing – whatever deal the other 26 nations come up with, it won’t be enough to save the Euro.

Many also agree that even if there had been a treaty – which would have needed to be ratified through nation states’ parliaments and referenda – the Euro may well have gone down anyway, because any treaty would not have been enough to calm the markets.

That’s all speculation of course, but also a view of events “that might have been” which could shape the way Cameron is treated on his arrival back in the UK – one that moves away from seeing him as an isolated wrecker and towards a defender of the national interest in the face if an inevitable catastrophe.