In an interview published on Thursday, French Prime Minister Francois Fillon said greater cooperation and integration is required to save the European Common currency and the UK is expected to support the move.
Ahead of his scheduled visit to London, Mr. Fillon said to the Times that Britain will suffer ‘catastrophe’ if the Euro failed, since it is closely linked with the European Union’s market.
Arguing greater integration was the way forward, he said: “In order to consolidate the euro we will need gradually to harmonise our economic, fiscal and social policies, hence we are going to go towards greater integration”.
“Great Britain is not part of the euro zone; at the same time the decision we will take will have great importance to Britain”, he said adding “It would be a catastrophe and a disaster for Great Britain itself if the euro failed. It would simply mean that the internal market, which is one of the engines of the UK as well as France and Germany, becomes much weaker”.
Discarding the Euro will “would mark the end of Europe as a process for a very long time”, said Mr. Fillon, indicating the end of the modern European trading bloc.