British Prime Minister David Cameron has said the UK will not join a new European treaty set up to prevent a future crisis, because EU leaders had not been able to give him the guarantees he had been looking for.

British Prime Minister David Cameron has said the UK will not join a new European treaty set up to prevent a future crisis, because EU leaders had not been able to give him the guarantees he had been looking for.

David Cameron, British PM, said, "The difference between the in and the outs, those in the euro and those out of the euro has inevitably created tensions within the European Union. Now, there are arrangements within the European treaties to allow different countries to do different things, but these have always been accompanied by adequate safeguards within the treaties...We are never going to join the Euro, we are never going to give up the sort of sovereignty that these countries are having to give up in order to enter a fiscal union, so in some ways the fact they are going to do this in a separate treaty without actually distorting the European Union treaty itself in many ways given that we could not get those safeguards, perhaps it is a better outcome."