"Cameron took his decision after failing to secure agreement from French President Nicolas Sarkozy and German Chancellor Angela Merkel for Britain's huge financial services sector to be exempted from certain EU regulations and a drive to impose new EU taxes.
"If this move was aimed at preventing bankers and financial corporations of the City (of London) from being regulated, that's not going to happen," Rehn stressed.
"We must all draw the lessons of the crisis and help to solve it and this goes for the financial sector as well."
Sarkozy said in an interview with the French daily Le Monde released on Monday that he and Merkel "did everything" to persuade Britain to join in.
"There are now clearly two Europe’s," he added."
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