Cameron says Euro needs single government: report

LONDON Tue May 8, 2012 10:17pm EDT

File photo of Britain's Prime Minister David Cameron in Alfreton, central England, April 16, 2012. REUTERS/ Christopher Furlong/pool

File photo of Britain's Prime Minister David Cameron in Alfreton, central England, April 16, 2012.

Credit: Reuters/ Christopher Furlong/pool

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LONDON (Reuters) - A successful euro zone requires a single government if it is to work properly, British Prime Minister David Cameron said in a newspaper interview on Wednesday.

"There's nowhere in the world that has a single currency without having more of a single government," Cameron told Britain's Daily Mail.

"Making sense of the euro for me would mean that those euro zone countries would have to have much more co-ordinated economic policy, much more co-ordinated debt policy," he said.

Cameron, who opted out of a new European economic pact late last year, advocated Britain's position outside the euro and its ability "to do things to ourselves, for ourselves, by ourselves.

"I have always believed different countries at times will need different economic policies, interest rates tailored to their own needs."

Cameron said, however, that it is in Britain's interest to see a return to growth in the euro zone, which accounts for 40 percent of UK exports.

"We want them to sort out the problems that they have. We want to be in the single market, we want European co-operation, we don't want to be in the euro," Cameron said.

"The euro is a project in transition that could go in a number of different ways ... all these countries have to make their own choices."

(Reporting by Stephen Mangan; editing by Christopher Wilson)

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Comments (14)
nixonfan wrote:
Cameron has no mojo. The Tories need to call an election, win without Clegg, and then get out of the EU altogether. There is no better time than right now.

May 08, 2012 10:30pm EDT  --  Report as abuse
Dem12 wrote:
More unwanted advice from this Murdoch stooge who has run his own country’s economy straight into the ditch. Here’s my advice to you Cameron, Go Pound Sand!

May 08, 2012 10:42pm EDT  --  Report as abuse
azereta wrote:
What a great idea I think Greece should form the government it,s time for England to start learning greek . On a more serious note Mr, Cameron stop smoking the illegal stuff …Please.

May 08, 2012 10:48pm EDT  --  Report as abuse
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