Cameron denounces 'mad' tax in attack on Europe

Page last updated at 04:12 GMT, Thursday, January 26, 2012 - 09:12 EST

AFP:

Cameron took the stage on the second day of the World Economic Forum in Davos

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Britain's Prime Minister David Cameron launched a stinging attack on his European partners Thursday, slamming the eurozone as uncompetitive and branding a planned transaction tax "madness".

The British premier took the stage on the second day of the World Economic Forum in Davos, the annual get-together for the global business elite, and revived his simmering feud with the ailing single-currency bloc.

In a speech destined to delight his own eurosceptic party back home and infuriate France's President Nicolas Sarkozy, Cameron scornfully dismissed French-led plans to introduce a tax on all financial trades.

"Even to be considering this at a time when we are struggling to get our economies growing is quite simply madness," he declared.

Read the whole story: AFP