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We must stress that the euro has been beneficial to the European Union because, otherwise, in this context of international turmoil, every country would have to devalue their currencies.

This is what the European Union is all about. A strong market with a strong currency.

It's political glue inside Europe to keep it together - the euro is the best thing going for it since the creation of the common market.

Britain is not in the single currency, and we're not going to be. But we all need the eurozone to have the right governance and structures to secure a successful currency for the long term.

I do have a fundamental concern about us losing control of our own destiny, and this is not just about the euro. You can expand and extend it into the whole constitutional issue. The British people have been suckered with regard to how the whole currency and constitutional issues have been sold to them.

But I would bet that the euro continues to exist and that its importance as a global currency will likely increase.

The most important thing is to defend the euro.

The euro currency both presupposes and promotes a fiction - that 'Europe' has somehow become, against the wishes of most Europeans, a political rather than a merely geographic expression.

The euro has become a means by which superior German productivity is able to gain an absolutely unbeatable advantage over the whole eurozone territory.

Unraveling the euro is a terrible thing. This is a 50-year endeavor to get this continent together and that's a wonderful endeavor.