Cameron urges action over eurozone crisis

British Prime Minister David Cameron today called on the institutions of the eurozone, such as the European Central Bank, to use “everything they have got” to defend the single currency and resolve the current crisis.

Speaking after talks with French president Nicolas Sarkozy in Paris, Mr Cameron said that a “big bazooka approach” was needed to convince the markets that the eurozone institutions have the firepower to put a halt to speculation over the future of their currency.