Cameron tells Europe 'to be bolder'

David CameronDavid Cameron is to tell Europe that it must be "bolder" if it is to shake off its economic woes.

The Prime Minister will urge the European Union to explore the possibility of free trade deals with other major trading blocs, such as the US and Africa. He will also call for a target for reducing Brussels red tape that he said was holding back business.
Mr Cameron will be speaking to world leaders, economists and business chiefs at the World Economic Forum in the Swiss ski resort of Davos.

The annual gathering comes amid renewed gloom about the economy after the International Monetary Fund this week downgraded its forecasts for global growth.

Britain is facing the prospect of a return to recession after the Office of National Statistics reported a 0.2% contraction in the UK economy in the final quarter of 2011.

In a message to his European counterparts, Mr Cameron will say: "This is a time to show the leadership our people are demanding.

"Tinkering here and there and hoping we'll drift to a solution simply won't cut it any more.

"This is a time for boldness not caution - boldness in what we do nationally, and together as a continent."

He will warn that competitiveness remains Europe's "Achilles heel", with the single market incomplete, and "unnecessary" measures from Brussels that were burdening businesses and "can destroy jobs".

"We need to be bolder still," he will say.

© 2012 Press Association
Read Full Story