Sort out euro crisis or prepare for break-up, David Cameron warns

Britain's Prime Minister has urged the eurozone countries to sort out their currency crisis, or prepare for “a potential break-up.”

“Either Europe has a committed, stable, successful eurozone with an effective firewall, well capitalized and regulated banks, a system of fiscal burden sharing, and supportive monetary policy across the eurozone. Or we are in uncharted territory which carries huge risks for everybody,» David Cameron said in a speech in Manchester on Thursday.

Cameron, who is the leader of the Conservative party, said that the possible collapse of the eurozone caused by a Greek exit would pose enormous risks to the British economy.

However, he said, the nation's economy was prepared to weather the fallout.

“Whichever path is chosen, I am prepared to do whatever is necessary to protect this country and secure our economy and financial system,” Cameron said.

Some analysts say that although Cameron's comments may upset some officials in Brussels and Berlin, they were not really directed at them but rather at the home audience.

The British premier is “seizing upon an economic crisis to portray himself as the man who can keep the UK safe from the euro’s woes,” the Irish Times wrote. 

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