Wall Street Journal
December 2, 2011
Euro-zone institutions must convince financial markets they have the firepower to get behind the euro, U.K. Prime Minister David Cameron said Friday after discussing the crisis in the currency bloc with French President Nicolas Sarkozy in Paris.
The two leaders met to prepare for the European Council meeting of European Union leaders in Brussels next week amid growing concerns about the break-up of the euro zone. They also discussed increasing pressure on the regimes in Iran and Syria, and piracy in Somalia, Mr. Cameron said.
"When you look at the crisis in the euro zone the real need is for the institutions of the euro zone to get behind the currency to convince the markets that they have the firepower to do that," he said in a short televised interview. "The second fundamental thing is real competitiveness throughout the euro zone so the euro zone works properly."
Neither of those required a change in the treaty that governs the EU, but if there were to be any treaty change Mr. Cameron said he would look to protect and enhance Britain's interests.
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