EC President Slams Cameron

European Commission President Jose Manuel Barrosohas angrily spoken out to say that Cameron's veto of the European tax bill last week is a threat to the single market, and that could be affecting the market prices of Brit-based companies across Europe. If you would like to be alerted to the contents of the Fed's meeting as they come out in real-time, signup for a

of Benzinga Pro's premium news service. Back in England, Euro-sceptics (particularly those leaning to the right) applauded Cameron's strength and refusal to back down. But Barroso is singing an altogether different tune. According to

, Barroso said that, "The United Kingdom, in exchange for giving its agreement, asked for a specific protocol on financial services which, as presented, was a risk to the integrity of the internal market. This made compromise impossible. All other heads of government were left with the choice between paying this price or moving ahead without the UK's participation and accepting an internal agreement among them." These comments are in direct contrast to Cameron's, who basically said that he wielded the veto to defend the single market. "Barroso, tabled a compromise talking about protecting the single market and, specifically, financial services," says the Guardian's David Gow Gow. "The pent-up venom towards the UK is also now spewing out in the European Parliament - including from anglophiles." Former Belgian Prime Minister Guy Verhofstadt was so upset with the UK that, when speaking in European parliament, he spoke in his native language rather than in English as he normally does. He said, “David Cameron will come to the conclusion that he has made the blunder of a lifetime. If he wants to secure safeguards for the City he needs to be at the negotiation table... There is one golden rule in politics: you only walk away if you are sure that the others will follow.” With the UK seemingly ostracized from the rest of Europe, at least for now, one has to imagine that Brit-based companies will suffer all over the continent. That could well include banks like Barclays

, retails behemoths like Tesco

, orthe defense company BAE Systems.