UK premier David Cameron denies EU summit proposal

Note: This section contains information in English only.
Source: Marketwatch

UK PM David Cameron announced he had chosen not to take part in an agreement offered by France and Germany to alter existing treaty and bind EU countries into tighter fiscal alliance. The offer is not in Great Britain's interests, said Cameron during a press conference after overnight discussions in Brussels. British prime insisted that UK support joint approach in solving debt crisis, however without sacrificing its own interests such as protection for a single market.

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