German Chancellor Angela Merkel with British Prime Minister David Cameron, right, and Norwegian Prime Minister Jens Stoltenberg, left, on the roof terrace of the Kanzleramt in Berlin Thursday June 7, 2012. Merkel is calling for countries to give up more powers to Europe "step by step" as the continent tries to claw its way out of the debt crisis and says a "political union" is needed as leaders prepare for a closely watched summit later this month. (AP Photo/Hakon Mosvold Larsen/NTB scanpix, Pool)
BERLIN: Britain's prime minister is urging eurozone nations to act swiftly and take bold steps to tackle the crisis engulfing their single currency.
David Cameron, speaking alongside German Chancellor Angela Merkel, said that "urgent action is needed to deal with the market uncertainty."
He says the eurozone must become yet more integrated and consider more joint liability, such as a banking union.
While he stressed further integration was crucial for the currency bloc's stability, he left no doubt that Britain - which doesn't use the euro - expects the eurozone to tackle its own problems. He said he could not ask British taxpayers to guarantee "Greek or Spanish bank deposits."
Merkel stressed European nations must trim their debt burden in order to create more jobs and achieve sustainable growth. (AP/aph)
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