Article for 12th & 16th of December.

DEAD FROM THE START

"Politically speaking, when the banks are considered the enemy and the root of all the problems we have today, Cameron's arguments were the wrong arguments at the wrong time for the wrong people," the official said. "Politically, he was dead from the start."

At that point old enmities came into play, rooted in a widely-held French view that Britain never really belonged in the European Union in the first place. "The French were using all this as a really perfect alibi to get rid of the British. Sarkozy used the proposals of the British to justify an intergovernmental treaty," the official said, explaining that intentionally or otherwise, Cameron had played straight into Sarkozy's hands.

It may have appeared things couldn't get worse for the British prime minister, a relative novice on the EU stage.

"It took 10 or 20 minutes to see that most of the participants were not pleased at all with the idea of Britain getting an opt out or exceptional treatment for their financial services and it didn't fly at all. There was no understanding for it. David Cameron obtained nothing. Just nothing."

"We understand his domestic political situation. He is a prisoner of domestic constraints."

Another official present at the talks recalled the moment, in the early hours of Friday, when European Union President Herman Van Rompuy, who chaired the meeting, proposed moving forward with an intergovernmental agreement of the 17 euro zone nations, with an open invitation for other countries to join.

"France said yes, immediately followed by Germany and then one by one, in a matter of seconds the member states of the euro zone backed the Franco-German call. Within a few minutes, the non-euro zone member states decided they wanted to be in and left Cameron completely isolated. The swing was very, very quick. Everybody was on board in a matter of minutes. I think it was obvious inside the room that Cameron was shocked by the swiftness with which his allies left him alone."

"Cameron made a serious miscalculation. He genuinely thought he could get something back in return and underestimated the willingness of the euro zone to move on. That's our view. This deal has probably saved the euro, but all this will now have serious repercussions on the relationship between Britain and the EU." (additional reporting by Matt Falloon and Mark John in Brussels, Paul Carrel in Frankfurt, David Lawder in Washington; writing by Janet McBride; editing by David Stamp)