EU summit: the losers

EUROZONE TURMOIL: Realizing the downside of Britain's absence from future EU policy making, the EU Commission has formally asked Britain to accept an invitation to "observer status" and to continue to participate in future negotiations. The EU acknowledges the supremely authoritative position of Britain and admits that the Gallic-Teuton rhetoric during and after last week's summit was counter-productive and damaging to Europe.

The change of heart of the EU also follows polls that show severe repercussions for Merkel's CDU and Sarkozy's popularity (-5% and -9%) and a sharp rise of voter support for the Conservative Party (+12%).
So much for winners and losers...