Mr Cameron met with his counterpart Prime Minister Petr Nečas. They discussed trade and investment cooperation, European issues, our bilateral ties and foreign affairs including NATO operations in Afghanistan and Libya.

Speaking following their meeting, Mr Nečas said: “It is necessary to prevent moral gambles in the future to ensure it is absolutely clear that it is not non-punishable to run into debts and try to get out of it at the taxpayers´ expense.”

Mr Cameron said: “We have shared interests as members of NATO, as members of the European Union, and also a shared political outlook and a shared set of challenges in terms of dealing with budget deficits, wanting to get our economies growing, wanting to make them more competitive and wanting to support innovation.”

The meeting came ahead of the European Council in Brussels focussing on Eurozone. Later Mr Cameron met the Minister of Foreign Affairs Mr Karel Schwarzenberg. He also held a meeting with the President of the Czech Republic Mr Václav Klaus before travelling to Brussels.