Sunday, June 24, 2012

Tony Blair: Eurozone is doomed........UK may Still Join Eurozone

The eurozone is doomed unless Germany agrees to underwrite the debts of struggling members, Tony Blair has warned.

The former prime minister said the problems were now so serious that a "grand plan" was the only way to prevent a break-up.

However, he also suggested that Britain could still join the single currency area if it stabilised.

The intervention came as EU leaders prepare for a crunch summit this week that could determine the fate of the eurozone.

The difficulties intensified when it emerged that newly-elected Greek Prime Minister Antonis Samaras will miss the event after undergoing eye surgery.

Speaking on the BBC's Andrew Marr show, Mr Blair said: "The only thing that will save the single currency now is in a sense a sort of grand plan in which Germany is prepared to commit its economy fully to the single currency. Read More