Bill Cash, today, at ITV News, said: "This is fundamental change it’s been initiated by, as it happens, not only by Sarkozy and Merkel but also by David Cameron and George Osborne both of whom said the remorseless logic of this is fiscal union within the eurozone. I personally believe, and many other people agree with me in the House of Commons, that this will be as stable as water."

Bill Cash also told the BBC News: "We are witnessing the creation of a kind of German zone driven very much by the needs of Germany and France and not in the interests of the UK"