Osborne urges the eurozone countries to take action
George Osborne has warned if countries start "falling out of the euro in a disorderly way", the UK although not a member would be badly affected.
The chancellor was speaking after the latest meeting of EU finance ministers in Brussels ended without a deal.
Mr Osborne had hoped to see progress on implementing a recent agreement to strengthen EU banks and increase the size of the eurozone rescue fund.
Instead, he became embroiled in a spat over a financial transaction tax.
The BBC's political editor, Nick Robinson has spent the day with him in Brussels.
08 Nov 2011
- From the section UK Politics