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Page last updated at 08:49 GMT, Wednesday, 7 December 2011

PM 'walking a tightrope' on Europe

The prime minister has said he will veto a new EU treaty if it does not safeguard London's position as the centre of financial services in Europe and ensure that British companies are not damaged by changes to the rules of the single market.

Political editor, Nick Robinson outlines David Cameron's position and Stuart Fraser, chair of policy and resources for the City of London, gives his reaction.

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