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See more | Photo caption Quake in Italy A strong earthquake rocked a large swathe of northern Italy. Slideshow Anti-NATO clashes Police officers and protesters clash outside the NATO summit in Chicago. Slideshow UK's Cameron urges euro zone action Tweet Share this Email Print Related News France presses for euro area bonds as crisis salve 11:17am EDT Euro slides but may see short-term bounce 9:35am EDT World leaders back Greece, vow to combat financial turmoil Sat, May 19 2012 UK's Cameron calls for euro contingency plans Sat, May 19 2012 Obama presses ailing Europe to focus on growth Fri, May 18 2012 Analysis & Opinion What is the long-term euro vision? Merkel under pressure … but unbending Related Topics World » Euro Zone » British Prime Minister David Cameron gestures as he talks to U.S. President Barack Obama (not seen) before the start of the opening session of the heads of state meeting on Afghanistan at the NATO Summit in Chicago, May 21, 2012. Credit: Reuters/Jason Reed CHICAGO | Mon May 21, 2012 3:20pm EDT CHICAGO (Reuters) - British Prime Minister David Cameron said on Monday not enough had been done to end the euro zone debt crisis but reassured savers worried by a downgrading of Spanish banks that British banks were well regulated and well capitalized. "While I would commend what has happened in the euro zone in terms of many of the steps they have taken to make their economies more competitive ... to try and build a firewall, to go through proper exercises of recapitalizing the banks, the truth is we still haven't done enough to decisively resolve the crisis," he told a press conference during a NATO summit. Last week, Moody's Investors Service downgraded the long-term debt and deposit ratings for 16 Spanish banks and Santander UK Plc, a British subsidiary of Spain's Banco Santander, raising concerns among some British savers about whether they were insulated from the Spanish banking sector's problems. Cameron said he would meet Spanish Prime Minister Mariano Rajoy in Chicago later on Monday to discuss a range of issues, including the euro zone crisis. Asked if he could reassure Santander's British customers, Cameron said: "People should know that British banks are well regulated, well capitalized and in terms of the branches of banks in Britain, and all the rest of it, the Financial Services Authority (FSA) has made the position, I think, very, very clear," he said. Santander UK saw about 200 million pounds ($320 million) of deposits leave the bank on Friday following the Moody's downgrade, although it said that was less than 0.2 percent of deposits and activity had normalized over the weekend. Santander UK is an autonomous subsidiary of its Spanish group, with its own capital and liquidity and regulated by the FSA. Cameron denied that he was inflaming the euro zone crisis with his calls for action and his warning that Greek voters in next month's election would be choosing between staying in or leaving the single currency. "This affects us. Forty percent of Britain's exports go to euro zone countries. What happens in the euro zone matters to the UK and my judgment is that staying silent on the problems would actually be more dangerous than speaking out," he said. "We need these issues to be resolved." "We have consistently set out the things that we think need to be done, whether that's firewalls, bank recapitalizations, a more active policy on behalf of the ECB (European Central Bank), looking towards euro bonds for the future," he said, referring to common euro zone bonds. (Reporting by Adrian Croft and Steven Slater in London. Editing by Christopher Wilson) World Euro Zone Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. 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