"Our responsible fiscal policy is being matched by active monetary policy"
- David Cameron, the UK Prime Minister
U.K. Prime Minister David Cameron is determined to continue implementing his austerity plan to protect the British economy from the Eurozone debt crisis contagion. The prime minister refused the initiative of the opposition Labour Party to ease his deficit-reduction plan.
"We are moving in the right direction -- not rushing the task, but judging it carefully," Cameron said. "And that is why we must resist dangerous voices calling on us to retreat."
"Our responsible fiscal policy is being matched by active monetary policy," he said. "That's the best way to support demand and help rebalance our economy away from debt-fuelled consumption and towards exports and investment. And the independent Bank of England is able to do more to support the economy if necessary or if inflation falls below their target."
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