Hank Paulson had his bazooka plan, now David Cameron has gone one step further, calling for a “big bazooka” approach to tackling the eurozone crisis.
Cameron calls for five things:
- Recapitalisation of eurozone banks
- More money for the eurozone bailout fund
- Greece’s economic future to be clarified
- The IMF to pressurise countries to do more to tackle the crisis
- The deepening of the single market and improved eurozone governance