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UK won`t join new euro mechanisms: Cameron

UK refuses to join any new funding mechanisms to prop up the eurozone, PM David Cameron said.



London: Britain refuses to join any new
funding mechanisms to prop up the eurozone, Prime Minister
David Cameron said on Thursday as his French counterpart Francois
Fillon visited the country.

"A strong and successful eurozone is in Britain`s
interest, we want the countries of the eurozone to sort out
the difficulties and the problems that they have," he told a
joint press conference with Fillon at Downing Street.

"We won`t stand in the way as they do that, indeed we
will be a helpful partner to make sure that happens," added
Cameron.

"But let me again be clear, that does not mean that
Britain should be drawn into new mechanisms or new procedures
or have to give up new powers."

Fillon was quoted as saying in an interview with The
Times newspaper earlier today that he would urge Britain to
back deeper European integration to save the euro or risk
disaster in its own economy if the currency fails.

The French premier said in a speech to business
leaders today that France and Germany are ready "to do
everything, absolutely everything" to ensure the stability of
the eurozone.

"Of this there must never be any doubt: euro area
states, and especially France and Germany, are ready to do
everything, absolutely everything, to ensure the euro area`s
stability," Fillon told business leaders.

Fillon was making his first official visit to Britain
since he became prime minister in 2007.

PTI

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