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PM welcomes 'bazooka' aid deal

David Cameron has described an EU deal to provide direct aid to Spanish banks as a "big bazooka" that could help solve the Eurozone crisis.

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Cameron: Britain should not bail out eurozone banks

David Cameron has made it clear that Britain wants to maintain control over its banks.

The Prime Minister insisted that he wanted the Bank of England to remain in charge of regulating Britain's financial sector.

He also said that British taxpayers should not be asked to bail out eurozone banks.

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