Prime Minister David Cameron has said that UK interests must be protected if eurozone countries begin to seek closer integration on the back of the European debt crisis.
Speaking to the BBC, Cameron said it was “logical” that nations with a single currency would begin to move towards a single economic policy and that the UK and the other remaining nine EU states which are not part of the eurozone would need “certain safeguards”.
There has been talks among the EU members for a greater fiscal union to boost the single currency and support those who are struggling.
Cameron, who is facing calls to change the UK’s relationship with Europe, said that co-operation between the eurozone members was necessary to prevent a repeat of the current crisis.
He said: “”I have always argued that the logic of a single currency is more of a single economic policy. It is one of the reasons I never wanted to join it.
“As eurozone countries move to co-ordinate more, as I believe they should, those outside the eurozone will need certain safeguards to make sure that what the eurozone countries are agreeing separately does not affect the single market.
“This is not some naive view that they go off on their way and we are intensely relaxed about it. There are safeguards we need and the Liberal Democrats completely agree with that.”