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British PM Cameron Calls for Reindustrialization of Europe

Complete video at: British Prime Minister David Cameron argues that the path to economic recovery in the E.U. depends upon increasing exports and paying off public debt. "Our first priority must be to kill off the specter of massive sovereign debts," says Cameron. The Prime Minister encourages renewed emphasis on European manufacturing and "entrepreneurial dynamism." ----- Many problems Europe faces follow decisions governments have taken, alone or together, UK Prime Minister David Cameron told World Economic Forum Annual Meeting participants. On the future of Europe, he said: "We are an open, trading continent. We have a proud record of invention. We've got advanced democratic values. But yes, we've got to recognize that Europe has to earn its way. The world doesn't owe us a living. So let's make the choice to do things differently, to fight for our prosperity." Cameron outlined his vision of a new direction for the continent: a risk-taking investment culture, a Europe-wide patent scheme, tougher stress tests, killing off sovereign debt and removing crushing regulation are a formula for growth. "Now is the time to go for a genuine Single Market," he said, pointing to commitments from leaders across Europe to open and free market reform. - Davos World Economic Forum 2011 David Cameron is the current Prime Minister of the United Kingdom, First Lord of the Treasury, Minister for the Civil Service and Leader of the Conservative Party. Cameron represents Witney as its Member of Parliament.
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