The Eurozone fanatics may not like being lectured by Cameron, but he has every right to.

An interesting article by Mark Weisbrot…
http://www.guardian.co.uk/commentisfree/cifamerica/2011/nov/09/italy-pushed-brink-ecb-fiscal-orthodoxy
in which he says
“The ECB is the main problem. It is run by people who hold extremist views about the responsibility of central banks and governments in situations of crisis and recession. Even as facts contradict them on a daily basis, they cling stubbornly to the view that further budget tightening will restore the confidence of financial markets and resolve the crisis.
“… ECB authorities think they have already done too much by buying $252bn of eurozone bonds over the past year and a half. But compare this to the US Federal Reserve, which has created more than $2tn since 2008 in efforts to keep the US economy from sinking back into recession. The ECB could put an end to this crisis by intervening in the way the US Federal Reserve has done in the United States. But they continue to insist that this is not their role. That is the heart of the problem, and until this policy is reversed, it is likely that the European economy will continue to worsen.”