Times and the Revived Roman Empire
UK: Prime Minister Cameron says Euro Zone needs a strong
single central government to survive
LONDON (Reuters) - A successful euro zone requires a strong single
central government if it is to work properly, British Prime
Minister David Cameron said in a newspaper interview on Wednesday.
"There's nowhere in the world that has a single currency without
having more of a single government," Cameron told Britain's Daily
"Making sense of the euro for me would mean that those euro zone
countries would have to have much more co-ordinated economic
policy, much more co-ordinated debt policy," he said.
Cameron, who opted out of a new European economic pact late last
year, advocated Britain's position outside the euro and its
ability "to do things to ourselves, for ourselves, by ourselves.
"I have always believed different countries at times will need
different economic policies, interest rates tailored to their own
Cameron said, however, that it is in Britain's interest to see a
return to growth in the euro zone, which accounts for 40 percent
of UK exports.
"We want them to sort out the problems that they have. We want to
be in the single market, we want European co-operation, we don't
want to be in the euro," Cameron said.
"The euro is a project in transition that could go in a number of
different ways ... all these countries have to make their own
(Reporting by Stephen Mangan; editing by Christopher Wilson)