Olli Rehn: 'Want to avoid disintegration'

Two top economic officials in the European Union have warned of the possible disintegration of the eurozone.

The Commissioner for Economic and Monetary Affairs, Olli Rehn, urged member states to reduce spending and create a more robust rescue fund to prop up countries in financial crisis.

Speaking at a European business summit in Brussels, Mr Rehn said that without action the eurozone could fall apart.