Speaking before an EU summit in Brussels, Prime Minister David Cameron said:
"The eurozone needs a banking union, but Britain won't be part of it this union, and we've properly protected our interests in the single market."
"The countries in the Euro need to integrate more, need to integrate their institutions more," he added.
"But this change taking place does give us the opportunity to argue for the things that we want to do and get a better deal for Britain," he said.
More top news
Leicester City's unlikely Premier League success features on the front pages of many of Tuesday's national newspapers.
Baywatch actor David Hasselhoff has got engaged to his Welsh girlfriend Hayley Roberts.
Leicester City players have been celebrating their Premier League title after Spurs drew with Chelsea on Monday night.