Cable: War could return to Europe
Vince Cable has warned that "extreme nationalism and conflict" could return to Europe if the crisis in the eurozone results in the collapse of the single currency.
Days after the Nobel Peace Prize was awarded to the European Union for its success in rebuilding the continent after the Second World War, the Business Secretary said there was "no automatic guarantee" that peace would last.
Speaking at the Cheltenham Literary Festival, Dr Cable said: "I think we need to take stock that if the eurozone were to unravel in a way that destroyed the European project - and there is a risk that could happen - the consequences would be absolutely incalculable.
"We tend to forget, until we were reminded last week of that Nobel Prize, the European project was constructed in order to rescue Europe from extreme nationalism and conflict. There is no automatic guarantee that won't return."