LONDON (MNI) – UK Prime Minister David Cameron has said that the
government will do whatever is necessary to protect the UK economy from
any fallout from developments in Greece.
“This government will do whatever is necessary to protect this
country, to secure our economy and our financial system,” Cameron told
the House of Commons.
Cameron also said that the Greek crisis represented the greatest
threat to the European and world economy, adding that the next Greek
election should in effect be a referendum on euro membership.
“The greatest risk facing the euro zone and indeed the world
economy is clearly the situation in Greece. The future of Greece is for
the Greek people to determine, it is for them to decide what is best for
their country, but I don’t believe we can afford to allow this issue to
be endlessly fudged or put off,” Cameron said.
“The Greek election should in effect be a straightforward choice
between staying in the euro zone with the responsibilities that entails
or taking a different path,” he added.
Ahead of tonight’s informal EU dinner among EU leaders, Cameron
said that he would be promoting an agenda of fiscal consolidation and
structural economic reforms supported by “monetary activism”.
Cameron urged greater monetary activism on the euro zone
authorities and said that this included bolstering the capital position
of the area’s banks.
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