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Cameron: Eurozone crisis nowhere near over

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