Cameron/Sarkozy joint press conference

Cameron/Sarkozy joint press conference; Q: Do problems in Eurozone show Britain was right to stay out of Euro David Cameron MP Q&A SOT (translated) - Think we were right to stay out of Euro / Our coalition agreement rules out any joining of Euro in current parliament / Difficult with single currency, have to have single interest rate and single economic policy and that has always been my concern / It's in Britain's interests that Euro is successful currency, the countries recover, the imbalances are addressed, Eurozone members are helped / As we're outside Eurozone its not same call on us for financial stability but we should work with countries in Eurozone to ensure progress, deficit reduction are there / Qant to see stability deal work Nicolas Sarkozy Q&A (translated) SOT - I was minister for budget in financial monetary crisis of 92-94 / All countries were involved in competitive devaluation / It was unprecedented mess which cost millions of jobs / I feel we are stronger united / This is political choice which is why I supported the Euro from its inception / Euro is success because in short space of time it has become world's second currency / Can't boil down Euro's success to what has happened in last few days / I will fight for us to go further / David is right we have to go further in terms of economic governance and harmonization within Eurozone / I've been fighting for this for years / One good thing about crisis is that it accelerates people's acceptance of ideas which they initially felt were too ambitious / When you see the problems you see these are the solutions / Things are moving ahead / Britain will decide what it needs to decide and I am sure it will be good decision
Cameron/Sarkozy joint press conference; Q: Do problems in Eurozone show Britain was right to stay out of Euro David Cameron MP Q&A SOT (translated) - Think we were right to stay out of Euro / Our coalition agreement rules out any joining of Euro in current parliament / Difficult with single currency, have to have single interest rate and single economic policy and that has always been my concern / It's in Britain's interests that Euro is successful currency, the countries recover, the imbalances are addressed, Eurozone members are helped / As we're outside Eurozone its not same call on us for financial stability but we should work with countries in Eurozone to ensure progress, deficit reduction are there / Qant to see stability deal work Nicolas Sarkozy Q&A (translated) SOT - I was minister for budget in financial monetary crisis of 92-94 / All countries were involved in competitive devaluation / It was unprecedented mess which cost millions of jobs / I feel we are stronger united / This is political choice which is why I supported the Euro from its inception / Euro is success because in short space of time it has become world's second currency / Can't boil down Euro's success to what has happened in last few days / I will fight for us to go further / David is right we have to go further in terms of economic governance and harmonization within Eurozone / I've been fighting for this for years / One good thing about crisis is that it accelerates people's acceptance of ideas which they initially felt were too ambitious / When you see the problems you see these are the solutions / Things are moving ahead / Britain will decide what it needs to decide and I am sure it will be good decision
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690632736
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ITN
Date created:
May 20, 2010
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00:04:21:15
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ITN
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r20051012_19793.mov