9:54am Friday 8th July 2011
© Press Association 2013
The UK must resist "finger-wagging" or acting "triumphalist" over the eurozone crisis, Nick Clegg is due to say.
The Deputy Prime Minister will claim there is "no room for schadenfreude" over the economic woes that have hit single currency countries because "we may have different coins in our pockets, but our fates are intertwined".
During a visit to Paris he will call for all states to "do more together" to ensure all of Europe's banks are "properly capitalised and able to withstand future shocks".
Mr Clegg is holding talks with French prime minister Francois Fillon and finance minister Francois Baroin over the debt crisis, European economic reform and military cooperation.
The Deputy Prime Minister will also give a speech to leading business figures and diplomats at the Mouvement des Entreprises de France (MEDEF) setting out the need for widespread economic reform.
He will say: "Countries like the UK should not see ourselves as spectators, watching from the wings, triumphalist, complacent, as if Europe's economic woes are a eurozone problem, rather than a problem for all of us - as if it is enough to put your own house in order, but then stand by and let the neighbourhood crumble.
"We all have an interest in a strong European economy.
"There are problems in the eurozone and they are important, not just to members of the single currency, but to all Europeans.
"We may have different coins in our pockets, but our fates are intertwined.
"But events both inside and outside of the eurozone have demonstrated the irrefutable need for all European states to pursue deep-seated economic reform, individually and together, because without it there will be no lasting success - no matter what happens to monetary union."
© Copyright 2001-2013 Newsquest Media Group