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European Council

Part of Oral Answers to Questions — Work and Pensions – in the House of Commons at 3:30 pm on 24th October 2011.

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Photo of David Cameron David Cameron The Prime Minister, Leader of the Conservative Party 3:30 pm, 24th October 2011

As I said yesterday, the eurozone crisis has clearly had a chilling effect, not only on eurozone economies, but on our economy, the American economy and economies elsewhere in the world. The eurozone is a huge market for the world’s goods, and clearly there has been a slow-down, partly because of the lack of confidence in the eurozone. We must also be clear that a break-up of the eurozone would have severe consequences for neighbouring countries and banks. That is why it is very important that we work with eurozone partners to try to sort this issue out.