In an interview with Jon Sopel, Tony Blair has said that Britain could still join the euro. He’s right. If the euro-zone splits into two areas of an economically strong northern zone and a weaker southern area it becomes more likely that Britain will ditch Sterling and join with Germany, Scandinavia, France etc. In fact, that could be the carrot that Cameron dangles in front of the EC in order to claim “victory” on some other point of contention within the EU.
The full interview will be shown on the BBC’s Politics Show this Sunday at eleven o’clock.