Post by leerain on Oct 30, 2011 6:03:27 GMT -8
EU leaders are under pressure to come up with a package of measures to deal with Greek debt and bolster banks.
Wednesday's meetings will start at 1800 BST and could continue through the night until an agreement is reached.
The UK has insisted that all 27 EU nations - not just the 17 countries that use the single currency - should be present to help hammer out an agreement which can reassure the markets, although the eurozone bloc is meeting separately as well.
French President Nicolas Sarkozy has accused the UK of seeking to "interfere" in the future of the euro despite not being a member of the single currency but Mr Cameron has defended his stance, saying it is "in British interests" that the eurozone is sorted out.
"Some of the issues we'll be discussing this afternoon are directly relevant to Britain in terms of strengthening banks across Europe," he said. "But in any event we need to have the greatest possible support for the most comprehensive solution possible."
The BBC's political correspondent Ross Hawkins said Mr Cameron was fearful of eurozone members taking far-reaching decisions affecting the whole of Europe and wanted to exert as much influence as possible.
While British banks are not among those in Europe requiring immediate recapitalisation, the UK will not be involved in an enlarged bailout fund as it is not a member of the euro.
The Daily Mail reported that UK liabilities could increase if the International Monetary Fund - of which it is a member - agreed a possible new initiative to make loans to troubled countries.
But it said Treasury officials would contest this idea, believing the euro-area bailout fund would be adequate.
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