London: Prime Minister David Cameron said London’s financial center is under “constant attack” from European Union bureaucrats and he’ll seek to prevent closer integration by countries using the euro from hurting the City.
This week’s agreement to bolster the euro area’s defenses against the sovereign debt crisis will lead to “more meetings alone” and the prospect of “caucusing” among the 17 nations that share the single currency, he said.
“London is the center of financial services in Europe,” the prime minister told reporters as he traveled to Perth, Australia, where he met Commonwealth leaders today. “It’s under constant attack through Brussels directives. It’s an area of concern, it’s a key national interest that we need to defend.
Cameron’s comments came after Thursday’s Brussels summit, where leaders agreed to recapitalise banks across the EU, as part of a major deal to stop the debt crisis from engulfing the euro currency.