Saturday, May 19, 2012

UK's Cameron urges action on euro, opposes Tobin tax

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WASHINGTON | Fri May 18, 2012 4:10pm EDT

WASHINGTON May 18 (Reuters) - British Prime Minister David Cameron called on euro zone countries on Friday to take decisive action to stem a debt crisis and said Greeks must decide if they want to stay in the euro.

He also said that he maintained his opposition to a financial transactions tax, backed by new French President Francois Hollande as a way to raise revenues.

"We need decisive action from euro zone countries in terms of strengthening euro zone banks, in terms of a strong euro zone firewall and decisive action over Greece. That has to be done," he said, speaking in Washington before a G8 summit. "Clearly the Greeks have to make their minds up, they have to make their decision."



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