Markets' veto verdict

For some, British prime minister David Cameron's blocking of proposals put forward by eurozone leaders at the weekend was just another twist in the region's crisis. For others, it marks a significant turning point in the European story. Richard Milne, capital markets editor, talks to Jim Leaviss of M&G Investments and FT Alphaville's Cardiff Garcia in New York, about what the likely knock-on effect for markets will be in Europe and the US.