Cable gives bleak assessment of Eurozone

Business Secretary Vince Cable has given a bleak assessment of the crisis in the eurozone, warning of a "real risk" the single currency could collapse.

The consequences of the disintegration of the eurozone would be "too awful to contemplate", with soaring unemployment and the reappearance of nationalism on the continent.

Speaking at a fringe event at the party's conference in Brighto, Mr Cable said public opinion in Germany may prevent the radical integration needed to bolster the weaker southern European states.

Advertisement

Lib Dem conference: Day two

Deputy Prime Minister Nick Clegg has insisted he will re-double efforts to push for taxes targeting the wealthy as he starts a fightback against low personal popularity levels.