I think that Dick's angle on this is a little narrow. Chancellor Merkel is punting a plan that all EU countries have to have their budgets approved at EU level, before adoption, to enable control of excess deficits. Sarkozy apparently approves. Cameron is in a cleft stick because his right wing wants to reduce EU control of member states whereas he wants to control rogue economic states (as he defines them) and to prevent meltdown of the Euro even though the UK is not part of the Euro.