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Cameron issues rallying cry to European leaders.

Summary: David Cameron has issued a rallying cry to eurozone leaders in a bid to save the European single currency.

David Cameron has issued a rallying cry to eurozone leaders in a bid to save the European single currency.

Speaking to business leaders in Manchester, the Prime Minister issued his starkest warning yet over the potential repercussions of ignoring the Greece crisis, saying he would do "whatever it takes to keep Britain safe" in "these perilous economic times".

"Turn on the TV news and you see the return of a crisis that never really went away. Greece on the brink; the survival of the euro in question," he added.

"Faced with this, I have a clear task: to keep Britain safe. Not to take the easy course, but the right course. Not to dodge responsibility for dealing with a debt crisis, but to lead our country through this to better times.

"My message today is that it can be done. We are well on the way in this journey."

Mr Cameron's warnings come amid continuing market turmoil across Europe, fuelled by political uncertainty in Greece.

Unconfirmed reports suggest the European Central Bank has stopped lending to some Greek banks which have not been adequately recapitalised.

The country's president has acknowledged that savers are withdrawing millions of euros from accounts out of fear of default and exit from the single currency.

"The eurozone is at a crossroads," added Mr Cameron. "It either has to make-up or it is looking at a potential break-up."

Independent Television News Limited 2011. All rights reserved.

Independent Television News Limited 2012. All rights reserved.

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Publication:Independent Television News Limited (ITN)
Geographic Code:4EUGR
Date:May 17, 2012
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