However they have not made progress on plans

However they have not made progress on plans for a European financial transactions tax, Merkel acknowledged. Britain opposes such a tax, fearing it could disadvantage London as a global financial center.
Cameron called for the deal reached at a summit in Europe on October 27 to be implemented as soon as possible.
The plan includes a series of measures to address the crisis, including debt relief for Greece, new capital requirements for banks and plans to build a financial "firewall" around vulnerable euro area economies.
"A strong, successful and stable eurozone is in all our interests," Cameron said.
"We need this crisis to be resolved. Britain, like Germany, has a big national interest in that happening."



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