Prime Minister Urges Eurozone Action

18 June 2012 16:00 - Florence Fullalove

    



Prime Minister Urges Eurozone Action

Today, David Cameron urged Greek parties to form a collation as soon as possible before any delay could potentially cause further problems for Europe. Coalition talks have been ongoing, following a centre-right party campaigning for the country to remain in the euro won the most votes in the general election.

The UK Prime Minister is currently at the G20 meeting in the Mexican resort of Los Albos. In a speech, to be delivered later today, Mr Cameron is expected to warn that the world faces five economic threats: euro zone stability, sovereign debt, low growth, protectionism and failure to regulate the banks. He is also expected to urge other euro members and the European Central Bank to offer more support and help share the burden of the crisis warning that no one can afford to stand of the sidelines anymore.  Mr Cameron will say, "If the eurozone is to stay together then it has to make at least some of these difficult decisions. The alternatives to action that creates a more coherent eurozone are either a perpetual stagnation from a eurozone crisis that is never resolved or a break-up caused by a failure to address underlying economic fundamentals that would have financial consequences that would badly damage the world economy, including Britain."

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Related Links :
G20 2012 Mexico - Official Website
Economic Calendar - Scheduled Economic Events

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