Cameron: Eurozone problems threaten world

OTTAWA, Sept. 23 (UPI) -- British Prime Minister David Cameron said the problems in the eurozone are so big they threaten the economic stability of the entire world.

Cameron told the Canadian House of Commons in Ottawa Thursday the time has come to "stop kicking the can down the road," Britain's The Guardian reported.

"Eurozone countries must act swiftly to solve the crisis," he said. "One way or another, they have to find a fundamental and lasting solution to the heart of the problem -- the high level of indebtedness in many euro countries."

Cameron said households and government have sunk themselves in debt and the solution is not to borrow more or to spend their way out of a crisis.

Canadian Prime Minister Stephen Harper introduced Cameron in the House of Commons, the CBC reported.

"Neither of us will be accused of exaggeration if we acknowledge that the most immediate test confronting us all is to avoid the devastating consequences of a return to global recession," Harper said.

The two leaders signed a letter to French President Nicolas Sarkozy, who serves as president of the Group of 20 -- ministers who represent the economies of 19 countries plus the European Union.