Cameron dismisses claims euro will not survive
22nd June 2011
David Cameron has dismissed claims that the euro will not survive amid economic problems for a number of countries using the currency.
The Prime Minister said member states "will not let" the euro fail, saying they have too much invested in the currency.
His words will provide reassurance for holidaymakers planning a trip to one of the nations using the euro who have been looking to buy their travel money.
Mr Cameron's backing for the currency comes after former foreign secretary Jack Straw insisted it could not survive, suggesting a quick demise for the currency would be preferable to a "slow death".
The differences of opinion were expressed as EU finance ministers refused to hand a second bailout package of 12 billion euro to Greece, one of the countries that has needed financial support.
The finance ministers want Athens to impose further austerity measures, including tax increases and massive spending cuts, before agreeing to the aid - moves that would be highly unpopular in Greece where thousands have already taken to the streets in protest.
Copyright © Press Association 2011
- Which nation has the most prolific travellers?
- Help! How do I use travel money abroad?
- Top Italian holiday destinations inspired by Shakespeare
- The world’s most expensive restaurants
- 5 things you should NOT take on holiday
- World’s 5 most expensive hotel suites
- Top 5 extreme sporting events in the world
- Top five global ski resorts
- Which European country would you most like to live in?
- 5 Extreme Activities to Do in New Zealand
- More over-50s 'opting for gap years'
- Most Britons 'overspend on holiday'
- Drivers face high petrol prices across Europe
- Tourists 'venturing outside Europe'
- Teenagers 'missing out' on holidays
- News Archive
