Cameron: Eurozone biggest threat to global economy

7 June 2012

Combating the ongoing eurozone debt crisis as quickly as possible should be the foremost priority of political leaders.

That is according to British prime minister David Cameron, who believes this issue currently represents the biggest single threat to the global economy at present, meaning it needs to be resolved sooner rather than later.

Prior to a meeting with his Norwegian counterpart Jens Stoltenberg, Mr Cameron said: "Speed is of the essence - every day that the European economies are stagnant are days when opportunities are lost, wealth is lost and jobs can be lost."

However, ahead of a summit with Angela Merkel scheduled for today, Mr Cameron insisted it is "unfair" and "wrong" to expect the German chancellor to alone drive the path to recovery as collective policies would be much more effective.

The leader was quoted by Reuters as saying he and Ms Merkel share the opinion that "urgent action" is required to stabilize European markets, which involves the creation of firewalls and recapitalizing banks.

By Claire Archer

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