Today's Coming Crisis Movie

Sunday, April 29, 2012

Cameron says euro zone crisis far from over

(Reuters) - Prime Minister David Cameron said the euro zone debt crisis was less than halfway through, and raised doubts about the future of the single currency in an interview on Sunday.

Cameron said the euro zone crisis was partly to blame for Britain falling back into recession, and insisted that getting the economy moving again was the biggest issue for the government, at a time when the popularity of his Conservative Party had fallen to its lowest level since 2004.

"What's happening in the euro zone is a massive tension ... that countries are finding very difficult to adapt to, and that's what we're seeing. So I don't think we're nearly halfway through it," he told the BBC.

"I think it's going to be a very long and painful process in the euro zone as they work out do they want a single currency with a single economic policy ... or are they going to have something quite different," he added. Read More