Cameron threatens to veto EU treaty; Greece passes austerity budget

UK Prime Minister David Cameron has threatened to veto plans for an overhaul to the EU treaty on grounds it could damage British interests.

Cameron has said he will not agree to reform unless the safety of the City of London and the European single market are guaranteed. A crucial EU summit is due to start tomorrow, and markets are hoping for a solution to the eurozone crisis. Meanwhile Greece's parliament has approved its 2012 austerity budget designed to tackle the country's huge debts that first triggered the eurozone crisis. The budget, proposed by the interim coalition government of former bank governor Lucas Papademos, includes further tax rises and spending cuts. Its announcement followed further public protests...