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Cameron: Eurozone crisis nowhere near over

30 April 2012

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Cameron: Eurozone crisis nowhere near over
David William Donald Cameron - Prime Minister of the United Kingdom

Policymakers across the eurozone still face an arduous road ahead to resolve the region's festering debt crisis.

That is the opinion of British prime minister David Cameron, who believes the ongoing problems stalking the economic bloc will not go away in the near future, despite efforts from officials across the continent.

During an interview with the BBC, Mr Cameron indicated the eurozone could be in danger of facing a complete collapse on the grounds that austerity measures may not be sufficient.

The leader noted that due to the "massive tension" between the single currency proving tough for member states to adapt to, he feels the continent is not yet "halfway through the crisis".

With this in mind, Mr Cameron went on to say that officials have a "very long and painful process" ahead as they must decide whether to persevere with the single currency or come up with an alternative system.

By Gary Cooper

Comments (1)

GB Gary Wright says:
Apr 30, 2012 16:45 GMT
Have to agree with the PM.There is no way that Europe will be out of this crisis until the fiscal harmony is working full tilt. Even then the odds are heavily on many bail outs and fiddling to get EU states through. The outlook is grim and the UK is obviously badly affected. This should mean that the UK will have to look further afield to trade and get economic growth. It would not suprise me if other EU countries will have to do the same. Can the Euro survive all this?
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