Cameron: lack of EU action frustrating

Prime Minister David Cameron voiced frustration Thursday that progress on tackling the eurozone crisis was advancing at a snail’s pace but stressed Britain’s place was on the sidelines.

By (AFP)

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Published: Thu 28 Jun 2012, 7:21 PM

Last updated: Fri 3 Apr 2015, 11:46 AM

Speaking as he arrived for a crunch EU summit that aims to forge a solution to the eurozone’s crippling debt crisis, Cameron said: ‘I know people are frustrated that these summits keep happening and not enough decisions are made.’

‘These are hard decisions for the eurozone countries to make and we should be encouraging them to go ahead,’ added Cameron.

At a two-day summit in Brussels, EU leaders were expected to thrash out a ‘growth compact’ harnessing measures worth some 120-130 billion euros to boost output, as well as reshape the eurozone’s structures to improve efficiency.

And Cameron reiterated that Britain would not be taking part in the measures towards closer integration that eurozone countries have said they need to take in order to beat the crisis.

‘Of course, we’re saying to the eurozone countries, they do need to do more things together to strengthen their currency and make sense of their currency but Britain is going to stay out of that,’ the prime minister stressed.

‘We want Europe to work for us as a single market, as a place where we trade, as a place where we cooperate and I’m going in there to make sure we get the safeguards to make sure that can keep happening,’ he added.

Britain is not a member of the 17-member eurozone nor of the border-free Schengen zone within the European Union.

And Cameron, along with the leader of the Czech Republic, has also refused to sign up to the EU’s fiscal pact, a German-inspired treaty that aims to tighten budgetary controls in Europe.

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