EU debt crisis: European Union in peril without reform, warns David Cameron

The European Union is in “peril” unless leaders grasp the “opportunity” presented by the single currency crisis to reform the institution, David Cameron has warned.

Mr. Yves Leterme, Belgian Prime Minister and M...

Image by European Council via Flickr

The Prime Minister insisted that leaving the EU was “not in our national interest” but said he felt “very personally” that now was the time for a fundamental reconsideration of European relations.

The intervention, in Mr Cameron‘s annual foreign policy speech at the Lord Mayor’s Banquet, came after Angela Merkel, the German Chancellor, called for stronger political union and warned that Europe faced its “toughest hour since World War Two”.

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