Jose Manuel Barroso
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Barroso: UK compromise 'impossible'

The president of the European Commission says Britain's demand for special treatment for financial services at last week's summit would have harmed the European market.

The UK vetoed a new treaty for the 27-member EU, arguing it had to protect Britain's financial services industry.

Jose Manuel Barroso told the European Parliament the UK's stance had made compromise impossible at last week's EU summit on economic integration.