Summary
David Cameron warned the world economy was at a "moment of danger" amid fresh fears that the eurozone crisis is spiralling out of control. With stock markets plunging again on speculation that a Greek default could be close, the Prime Minister yesterday said decisive action to prop up the single currency was "vital". The comments came as EU finance ministers met in Luxembourg for the latest round of talks on how to stabilise the situation.
Share prices continued to fall around the globe following Athens' admission yesterday that it will miss its deficit reduction targets, and on concerns about stalling growth. By mid-afternoon the FTSE had lost more than 3 per cent - dropping below the psychologically important 5,000 barrier. Speaking to the BBC at the Conservative Party conference in Manchester, Mr Cameron said: "I think it is a moment of danger. I think there are some very serious clouds on the horizon. Chief among them is the problems in the eurozone, where the French economy, the German economy have both stalled, and that is a real problem for the British economy.See the full content of this document
Extract
Cameron Warns of Dangers for the Eurozone
"I think what we've got to do is line...
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