Britain and Italy Wednesday urged a "speedy solution" to the crisis in the eurozone that should incorporate additional measures to stimulate economic growth, according to dpa. Following talks in Downing Street in London, British Prime Minister David Cameron, and his Italian counterpart, Mario Monti, advocated measures to enhance competitiveness and to make the single market "more credible." Monti said he was "delighted with the great similarity of views" during his "straightforward and highly constructive" discussions with Cameron. It was in the interest of both countries to work together to make the European single market a "more credible tool" for growth and job creation, said Monti. The two men shared the view that the EU should adopt a "wider and better perspective" on growth and jobs and that the EU should "exploit the assets" it already had. Cameron said future proposals to solve the debt crisis in the eurozone should be subjected to a "growth test." Cooperation in the services sector should be expanded and restrictions curtailed to strengthen competitiveness. He urged the EU to adopt an "ambitious programme" to strike trade deals with fast growing economies, such as India. In an interview printed in the Financial Times on Tuesday, Monti warned of a "powerful backlash" from weaker eurozone countries if more would not be done to help them reduce their borrowing costs.
