The eurozone recession deepened in the final three months of 2012, official figures show.
His spokeswoman said the UK would not contribute "directly or indirectly" to the eurozone bail-out fund.
BBC: Eurozone crisis: Right to boost IMF funds, Cameron says
The euro's weakness, say the euro fans, actually helped the eurozone economy, boosting its export industry.
In important respects, Cyprus has not received the same treatment as other bailed-out eurozone economies.
The single currency has also been forcing eurozone governments to embark on a programme of structural reform.
The euro has certainly delivered price stability - with low inflation in much of the 11-country eurozone.
The economics for the rest of the Eurozone strongly favours preventing a Greek exit.
But just last week Cyprus asked for a eurozone bailout to help its banks.
But Vaubel says even imposing conditions on eurozone members is a violation of the ECB's statute.
The near-disaster and festering economic situation in Greece made all Eurozone creditors very nervous.
Under this scenario, the countries with the strongest financial footing will remain the Eurozone.
"And if so the whole Eurozone will be danger... we won't reach that point, " she said.
But the future of the eurozone will be determined by what happens in Italy and Spain.
There will be those who say that the government is indirectly funding a eurozone bailout.
Earlier this week, official figures showed the eurozone is now in its longest recession on record.
Spain, which is the eurozone's fourth-largest economy, has not recorded a monthly trade surplus since 1971.
Cyprus joined the European Union (EU) and the eurozone in 2004 and 2008 respectively.
Unemployment across the eurozone is expected to hit an average of 12.2% this year.
BBC: Eurozone retail sales fall for second consecutive month
If it's a Monday in late November, it must be another messy day in the eurozone.
Mrs Merkel frequently says there is no magic bullet when it comes to the eurozone crisis.
The Eurozone governments were urged to promote growth and reject hard debt cut targets.
If Greece is eventually forced out of the Eurozone, as we predict, it will cause ripples.
The eurozone economy is larger than that of the U.S. by a couple trillion dollars.
The eurozone encompasses the 17 nations in which the euro is the official currency.
As for the larger Eurozone banking system, it too is a fractional reserve system.
Whatever their differences, the crisis in the eurozone will put them under huge pressure to compromise.
And it is the basis of the crisis that is now engulfing the Eurozone.
Mr Cameron said eurozone leaders needed to take swift action to resolve the crisis over Greece.
As well as the eurozone, G8 leaders discussed measures to ease the price of oil.
And yet, for the rest of the eurozone it turned out to matter quite a lot.
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