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PM euro debts pledge

David Cameron pledged today he will not ask British taxpayers to underwrite the debts of ailing banks in Greece and Spain, as he held talks with German chancellor Angela Merkel about the eurozone crisis.The Prime Minister said he had "no doubt" that the 17 nations of the eurozone would move towards closer fiscal union within the next weeks and months.But he made clear that Britain would not be involved in any such arrangement, which could involve the creation of eurobonds to spread the risk of borrowing across the whole single currency area.