Prime Minister David Cameron has slammed European Union regulators after claiming that the City of London is “under constant attack” from Brussels directives.
Speaking on his way to Perth, Australia, Cameron also warned against the eurozone nations working together to undermine the European Union’s free market rules.
According to the Telegraph, Cameron said: “London is the centre of financial services in Europe. It’s under constant attack through Brussels directives. It’s an area of concern, it’s a key national interest that we need to defend.”
Cameron also said that he would fight closer integration of the eurozone countries as it could lead to anti-competitive regulations.
“There are a lot of things the eurozone is doing together. Having more meetings alone, establishing machinery – it raises the question of could there be caucasing?
“There is common agreement that this was an important issue and that we should be working together to make sure the arrangements provide a safeguard.”
“It is very important that the institutions of the 27 are properly looked after and that the Comission does its job as the guardian of the 27.”