![City safeguards set Britain at odds with EU City safeguards set Britain at odds with EU](https://www.cer.eu/sites/default/files/styles/spotlight/public/images/spotlight/in_the_press/2012/city_london_sl-1339146291.jpg?itok=ENepkzDw)
City safeguards set Britain at odds with EU
"In demanding safeguards that are impossible or unrealistic, Britain would force their partners down the route of the [intergovernmental] fiscal pact," said Charles Grant of the CER think-tank.
"Britain would then have less influence on what its partners discussed, it would lose good will and, worst of all, the European Commission – the protector of the single market – could be weakened and sidelined. The single market for European banking would be divided."