"David Cameron will defy pressure today for Britain to be included in European measures to increase economic co-operation, aimed at preventing a repeat of the crisis in Greece.
"Attending his first EU summit since becoming Prime Minister, he will argue that plans to give the European Commission greater powers to supervise the budgets of member states should be restricted to the 16 countries in the eurozone. The plans include imposing penalties such as withdrawal of EU voting rights for countries that breach EU budgetary guidelines.
"Although the French President, Nicolas Sarkozy, agrees that any such checks should be restricted to the eurozone, there are growing demands for them to apply to all 27 member states including Britain. This view is being pushed by Angela Merkel, the German Chancellor, and Herman van Rompuy, President of the European Council - the 27 national leaders meeting in Brussels."