Former prime minister Tony Blair has warned against any break-up of the eurozone as the region takes steps to deal with the most serious challenge it has faced since its formation.
Blair, UK prime minister for ten years until 2007, said a break-up of the eurozone had to be avoided at all costs. Speaking on the Andrew Marr Show, Blair said: "Right now for the single currency it is essential it is preserved and that the whole weight of Europe and its institutions stand behind it. He added: "If the single currency broke up, it would be catastrophic." Governments across Europe are now folding in the face of the economic crisis, with Italy's Silvio Berlusconi resigning over the weekend, and Greece also electing a new government. Blair said now was the time for ...
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