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British Prime Minister David Cameron: The situation in the euro area is risky
"You are just weeks away from financial disaster," warned British Prime Minister David Cameron. It asks European leaders to apply a measure of "bazooka" economic recovery to end the debt crisis in the euro area.
In an interview yesterday (9 October) the Financial Times, David Cameron expressed for the first time, views on a solution to the crisis in the euro area, "which only aggravate the global economic situation by greater lack of confidence ". This proposes a problem solving type "bazooka", as mentioned recently by U.S. analyst Nouriel Roubini.
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Roubini also says that Europe needs to increase the funds allocated to them to stop its fiscal crisis and act a "bazooka" to 2.000 billion euros, "before it's too late."
France and Germany, says Cameron should overcome differences of interest and to adopt by the end of a five-point plan to solve the key markets of insecurity "which has a freezing effect of the global economy ".
German Chancellor Angela Merkel and French President Nicolas Sarkozy reassured Sunday (October 9) creditors that will solve the debt crisis in the euro area. They said they would have a rescue plan by the end, but gave no details with regard to it. Merkel and Sarkozy have promised to put on the table for discussion common solution to meeting the G20 (Group of 20 economies stronger lune) in Cannes, France, November (2011).
"Time began to enter the bag, the situation is risky!" Cameron has warned.
He called for better governance in the euro area, "if necessary, even by changing the treaty". Then he said, International Monetary Fund should be more active in putting pressure on the leaders of the eurozone.
British Prime Minister believes that EU leaders must remove any uncertainty and speculation on the economic future of Greece, but refused to speak Understanding its possible bankruptcy.
Germany, he said, should, together with other State, to accept "collective responsibility" of the euro area and increase economic rescue capability Fund, currently worth 440 billion euros, because it can combat a possible contagion from Greece to other countries in the euro area. Sarkozy, says Cameron, should accept a plan to recapitalize European banks. "This is not an à la carte menu - not choose what you want to take all steps," warned Cameron, quoted by Financial Times.
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