David Cameron's Eu Veto Largely Political - Vince Cable

He said: "I read and hear a lot of people breezily predicting, almost with a sense of glee, that the eurozone is going to fall apart and this country is going to drop out of the euro.

"My crystal ball is no clearer than anybody else's - what I do know is that no-one should lightly wish for that outcome.

He also said he thought the European Union had been a "bulwark" against 1930s-style moves towards nationalism and protectionist policies.