I am in one sense I am pleased the UK is holding out against some aspects of the EU deal proposed by Merkel and Sarkozy. As I have argued, that deal is dire for democracy.
At the same time I loathe his reasoning - that puts the City of London at the core of concerns.
It leaves me strangely conflicted.
What is so obviously true is that with low interest rates, mass unemployment and a crisis of hopelessness sweeping Europe, whilst we know that at the same the environment is being trashed, the we need a Green New Deal for Europe.
And that such a Green New Deal for Europe has to reflect, respect and even encourage diversity within a framework of mutual respect on which we can all agree.
That's so far from what's on offer. No wonder the politicians in Brussels are failing.