Britain will not be drawn into new mechanisms to help protect the euro, Prime Minister David Cameron said yesterday, as European ministers try to thrash out ways to shore up support for the common currency project.
"That does not mean Britain should be drawn into new mechanisms or new procedures or have to give up new powers. That is not what we see as necessary," Cameron said.
Speculation has mounted that Spain and Portugal may join Ireland and Greece in having to be bailed out by international lenders.
Cameron was speaking after meeting with French Prime Minister Francois Fillon, who called on Britain to help save the euro by backing efforts to more closely integrate European economies.
Britain, whose economy relies heavily on European trade, is not part of the euro zone.
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