PM: Euro crisis an opportunity for UK to claw back powers

The Prime Minister David Cameron said the eurozone debt crisis presents an opportunity to reform the European Union and for powers to "ebb back" from Brussels to Westminster.

In a speech in the City of London last night, Cameron said it would not be in the UK's interests to exit the union, but that it may now be in a position to renegotiate its membership. A number of Conservatives want the UK to leave the EU altogether and, last month, 81 Tory MPs voted in favour of a referendum on the UK's place in the union. Cameron said the EU is too often seen as an "abstract end in itself" and detached from economic reality. He said the UK and the other 26 member states needed a more "outward looking", "flexible" and "diverse" union. "We have a right to ask wha...