We are told that European Union institutions will have no sway over the new treaty that is being negotiated on an intergovernmental basis. This is nonsense. Nonsense on stilts. After the draft was leaked on Open Europe's website, integrationist MEPs pushed for changes to the draft. Their goal was to ensure compatibility between the treaty and existing European institutions. European Parliament leaders will also be able to address Eurozone summits. Through a web of permissions and references, the intergovernmental treaty will act as a bolt-on to existing arrangements, supported by the Commission. Dan Hannan's FU will seamlessly merge with the EU, in practice.
This forms part of a wider spread of dissatisfaction within the European Parliament at their perceived intergovernmental failure to resolve the crisis. Of course the solution for these is more integration. Soon, media coverage in the United Kingdom will catch up with the brutal sidelining of Cameron's veto, ignored in practice by other EU members.