Cameron vows safeguard at EU summit
Mr Cameron acknowledged that it raised difficult issues for the countries involved but said that he hoped some progress could be made.
He said: "I know people are frustrated that these summits keep happening and not enough decisions are made. These are hard decisions for the eurozone countries to make and we should be encouraging them to go ahead."
While Britain would not be involved in any fiscal union, the Prime Minister also made clear that he would keep the UK out of the banking union, while safeguarding the single market.
European Council president Herman von Rompuy later announced progress on a new "compact for jobs and growth", boosting by 130 billion euro (£104 billion) existing EU funding for poorer regions and to promote transport, energy and digital broadband projects - all considered priorities to start the economic recovery.
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