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.
The Liberal Democrats unveiled plans for young people to be able to use grandparent's pensions to get onto the property ladder
Bad polls from voters and Liberal Democrat supporters mean Nick Clegg has work to do at his party conference to prove he can still lead.
Anybody worth more than £1 million faces coming under scrutiny from inspectors in a fresh crackdown on tax avoidance.