David Cameron Live Blog

Leaders of the Group of Eight major economies are making progress on addressing the two biggest threats to their economies - the euro zone crisis and very high oil prices, British Prime Minister David Cameron said on Saturday.

After an early morning bilateral meeting with US  President Barack Obama, Cameron said he detected a "growing sense of urgency that action needs to be taken" on the eurozone crisis.

"Contingency plans need to be put in place and the strengthening of banks, governance, firewalls - all of those things need to take place very fast," he told reporters.

He said German Chancellor Angela Merkel was "absolutely right" that every country needs to have in place strong plans for dealing with their deficits.

"Growth and austerity aren't alternatives," said Cameron. [Source: Reuters]

UK Prime Minister David Cameron has urged Europe's rulers to do more to quell the eurozone debt crisis and raised the prospect of a Greek default to argue he must stick to his unpopular attempt to cut spending and reduce debt at home. 

Warning that the survival of the euro was now in question, Cameron showed growing alarm and frustration that the crisis was spinning out of control, threatening Britain's $2.5 trillion economy and his own electoral prospects in 2015. 

"Greece is on the brink, the survival of the euro in question," Cameron told business leaders in the northern English city of Manchester. 

"Faced with this, I have a clear task: to keep Britain safe. Not to take the easy course - but the right course.

"As I have consistently said, it is in Britain's interest for the eurozone to sort out its problems." 

He said Europe's problems showed the dangers of scrapping his government's attempt to cut Britain's vast budget deficit, though he called on the European Central Bank to stimulate demand to help peripheral euro members. [Reuters]

Italian Prime minister Mario Monti, French President Francois Hollande, German Chancellor Angela Merkel and British Prime Minister David Cameron will hold a video conference later today ahead of this weekend's G8, an Italian government source told the Reuters news agency. 

The source said the conversation would give the four European leaders a chance to prepare for this weekend's summit at Camp David and well as to discuss European economic issues.

In the Reuters photo below two men withdraw money from an ATM in central Athens on Wednesday. Greece's president spoke of "fear that could develop into panic" at the country's banks in the weeks before fresh elections that could precipitate Athens exit from the eurozone.

Central bank head George Provopoulos said savers withdrew at least €700m ($892m) on Monday, the president told party chiefs.
"Mr. Provopoulos told me there was no panic, but there was great fear that could develop into a panic".

Athletes from Syria should not be punished by being excluded from the London 2012 Olympic Games, Prime Minister David Cameron says.

I don't think we should punish the athletes for the sins of the region," he was quoted as saying by The Independent.

"Syrian athletes will be taking part in the Games, and that is right, but let's be absolutely clear: Britain has led efforts within the European Union and elsewhere to institute asset bans, travel freezes and punishing sanctions against this despicable regime and anyone covered by one of those travel bans will not be welcomed in London."

 

Britain wants to see a transition of power to the opposition in Syria rather than a revolutionary overthrow of President Bashar al-Assad, Prime Minister David Cameron said late on Tuesday.

Syria's violent crackdown on rebel areas and how best to galvanize a response to it will feature in talks between Cameron and US President Barack Obama in Washington on Wednesday.

"We're all frustrated by Syria. What's happening in Homs is completely appalling. I'm endlessly kicking the tires and asking what else can be done," Cameron told reporters. "The shortest way of ending the violence is a transition where Assad goes, rather than a revolution from the bottom." [Reuters]

British Prime Minister David Cameron said on Wednesday he had little confidence in promises made by Syria to Russia over the violent crackdown by the regime in Damascus.

"I think we have very little confidence in that," Cameron told parliament when asked about Russian Foreign Minister Sergei Lavrov's talks with Syrian President Bashar al-Assad in the Syrian capital on Tuesday. [AFP]

British and French foreign ministers say they are heading to New York to press for a United Nations resolution aimed at halting Syria's violent crackdown.

Britain's Foreign Secretary William Hague and French Foreign Minister Alain Juppe on Monday said they will attend U.N. talks scheduled for Tuesday.

Officials hope Qatari Prime Minister Hamad bin Jassim and Arab League officials can persuade Russia and China to back a UN Security Council resolution.

Russia says it won't support any resolution which could enable foreign military intervention. 

British Prime Minister David Cameron's office says Russia's stance is "providing cover for the regime's brutal oppression".

The UN estimates about 5,400 people have been killed in 10 months of violence.

British Prime Minister David Cameron says Iran and the Lebanese Hezbollah movement are supporting Syria's violent crackdown on the country's uprising.

Cameron told lawmakers in the House of Commons on Wednesday that both were offering backing to Syrian President Bashar al-Assad. He described Assad as a "wretched tyrant who is killing so many of his own people".

Thousands have been killed in Syria's crackdown on the 10-month-old uprising, and Cameron has pledged to press for tougher international sanctions - despite opposition from Russia and China.

He says there is "growing evidence that Iran is providing a huge amount of support" to Syria's ruling regime. 

Cameron is seeking a United Nations Security Council resolution condemning the violence. [AP]

 

David Cameron welcomed King Hamad bin Isa al-Khalifa at 10 Downing Street on Monday [EPA]

David Cameron, British prime minister, urged King Hamad bin Isa al-Khalifa, Bahrain's monarch, to stick to his pledges of reform after an investigation found police used excessive force against demonstrators, Downing Street said.

A spokesperson for Downing Street said on Monday:

[The talks] focused on the king's plans to implement reforms in the country, following on from the protests earlier this year and the report from the Independent Commission of Inquiry.

"The prime minister emphasised the importance of strengthening respect for human rights in Bahrain.

"He urged the king to deliver swiftly on the commitments he has made to implement the recommendations from the inquiry and to drive forward reform and reconciliation in the country, engaging with the opposition as part of that process."