Cameron calls for euro ‘big bazooka’ / Cameron voices eurozone frustration / Cameron wants ‘safeguards’ for financial services

Report of an FT interview with David Cameron, Prime Minister of the United Kingdom, October 2011. He urged European leaders to take a 'big bazooka' approach to resolving the eurozone crisis, warning they had just a matter of weeks to avert economic disaster.

Mr Cameron was in favour of the eurozone deepening its integration to avoid future crises, thus reinforcing a two-speed Europe with a hard core of economic co-operation at its heart.

But he feared that the euro countries might then try to set rules covering the EU’s single market, which extended to all 27 member states, in effect tilting a level playing field in their favour.

ESO: Background information: Businesses urge quantum leap to beat crisis / Merkel and Sarkozy to hold talks on crisis http://www.europeansources.info/record/businesses-urge-quantum%e2%80%89leap%e2%80%89to-beat-crisis-merkel-and-sarkozy-to-hold-talks-on-crisis/

ESO: Background information: UK faces defeat over derivatives clearing http://www.europeansources.info/record/uk-faces-defeat-over-derivatives-clearing/

ESO: Background information: Britain to sue ECB over threat to City http://www.europeansources.info/record/britain-to-sue-ecb-over-threat-to-city/

United Kingdom: HM Treasury: Statement, 10.10.11: Statement by the Chancellor of the Exchequer, Rt Hon George Osborne MP, on the Eurozone http://www.hm-treasury.gov.uk/statement_chx_101011.htm

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