Open Europe Blog

In a speech to business leaders in the North West today, Cameron will say:

“The eurozone is at a crossroads. It either has to make up or it is looking at a potential break-up….Either Europe has a committed, stable, successful eurozone with an effective firewall, well-capitalised and regulated banks, a system of fiscal burden-sharing and supportive monetary policy across the eurozone…Or we are in uncharted territory which carries huge risks for everybody.” 

Alongside remarks from Bank of England chief Mervyn King that the euro is “tearing itself apart”, this has triggered a lot of excitement amongst the UK media (montage: Tim Montgomerie):

This, of course, was just in case anyone was still uncertain as to what shape the euro was in (and needed Cameron to remind them)…

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