London has been calling on other EU members to adopt a new principle of multicurrency, to emphasize that the euro is not the sole official currency of the bloc and not all EU economies intend to integrate into the eurozone.
"France wants to see financial regulation implemented across all of Europe, and so there should be no right of veto or blockage so that we can tackle speculations and financial crises in the same way everywhere and with the same structures," Hollande said while arriving for the second and final day of the ongoing EU summit.
British Prime Minister David Cameron is seeking to revise the terms of his country's membership of the bloc, having outlined his demands to Brussels, which center on four key issues — shifting power away from EU authorities back to the UK national legislature, exempting Britain from the EU "superstate" principle, denouncing the euro as the single official EU currency, and protecting the British economy by keeping eurozone members away from non-eurozone countries’ affairs.
