Cameron did not stop France and Germany from going ahead with what they are proposing, writes the Economist's Bagehot. That's not wielding a veto, that's called losing.
What Lib Dems are really waiting for is to see what happens when parliament returns on Monday, says Kiran Stacey at FT Westminster.
Cameron acted in the interests of the City of London, not Britain, says Shamik Das at Left Foot Forward.
Gary Gibbon warns that the French President is expected to renew his efforts to clip the City of London's wings.
This could be a healing moment for the Tories, says ConservativeHome's Tim Montgomerie.