Eurozone must reform or break up, says David Cameron

“It is becoming increasingly clear in the eurozone that the core, including
the ECB, must do more to support demand and share the burden of adjustment.
We cannot afford for central banks around the world to stand on the
sidelines if we are to deliver the growth we need.”

Mr Cameron will also raise concerns that other economies will “put up
protectionist barriers, just as in the 1930s”, pointing out that “124 new
trade restrictions” have been introduced over the past eight months.

He will also criticise countries that fail “to follow through with long-term
reforms” such as to the banking system and risk exposing G20 countries to
another 2008-style financial crisis.

He will add: “These threats are very real. And, in a global economy, they
threaten us all. So the G20 is the right forum to deal with these threats.

“This fight won’t be won by governments alone. Business must be with us too.”

The Prime Minister will say that “the stakes are incredibly high” but the
purpose of gathering in Mexico will be “to secure our prosperity now and for
generations to come”

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