British Prime Minister David Cameron is urging other governments to follow his country's efforts to cut costs and reduce debts, calling sovereign debt an obstacle to trade and growth.
Cameron, whose Conservative-led coalition government has imposed a series of tax hikes and budget caps to reduce the country's debt, said that building up debts and keeping barriers to money and trade flows has made European countries their own worst enemies.
He is also calling for more deregulation across the continent to help bolster recovery.
Note EU-Digest: Looking at what happened during the past years as a result of deregulation shows Mr. Cameron has not totally got it.
For more: Cameron defends austerity, urges Europe to follow - BusinessWeek
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