Former Prime Minister Tony Blair said the UK must keep open the option of joining the euro if the current crisis is resolved.
Speaking on the BBC's Andrew Marr Show yesterday, Blair said the UK faces an ‘interesting choice' about joining the single currency, adding it is essential the UK remains a part of Europe.
"There is going to be a huge reconstruction of Europe and the UK needs to be part of it," he said.
"We have something to contribute and when this political reconstruction takes place we need to be involved."
Commenting on how the eurozone sovereign debt crisis can be solved, Blair said Germany is the continent's only hope.
The eurozone can only be saved if Germany is prepared to treat the debts of all nations as one, said Blair.
He added Germany will not ‘bank roll' peripheral economies, unless the nations accept the pain of reforms.
Putting the tech into protection
Square Mile’s series of informal interviews
Fallout from Haywood suspension
Launching later in 2019
£80bn funds under calculation