Euro Area

[Greyblades]

"I don't think it is in Britain's interests to leave the EU but I do think what it is increasingly becoming the time for is a new settlement between Britain and Europe, and I think that new settlement will require fresh consent. In the next parliament, I think there will be opportunities for a fresh settlement and for new consent to that settlement. There is a reason why. The euro is a currency with 17 different countries. I think, increasingly, one currency will mean one economic policy. They are going to change and that will give us opportunities for changing our relationship with Europe. I argue for Britain's membership because I think it is in our interests. If I didn't think it was in our interests, I wouldn't argue for British membership."

Well that's a long way of saying jack squat. What is this new settlement? What changes do you refer to? Why is it in our interests?