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Blair warns of ‘catastrophe’ if euro collapses

• RawStory

LONDON — Former prime minister Tony Blair warned on Sunday that the collapse of the euro would be “catastrophic” and urged Europe to move fast to support the currency.

Blair said European leaders faced “very difficult and painful” choices and a “long-term framework of credibility” was needed to see off the crisis.

Speaking following the resignation of Italian Prime Minister Silvio Berlusconi on Saturday, Blair said there had “never been a tougher time to be a leader than right now”.

But he said the “whole weight” of European institutions — including the European Central Bank — must get behind the euro if it was to survive. 

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