London mayor scotches Osborne’s euro ideas

Article reports the Conservative Mayor of London Boris Johnson described as 'absolutely crazy' UK Finance Minister George Osborne’s prescriptions for the long-term survival of the euro, fuelling speculation that the two men were jockeying for position in a future battle for the Conservative Party leadership.

The London mayor rejected Mr Osborne’s suggestion that the only way to preserve the single currency is for eurozone countries to follow the 'remorseless logic' of monetary union by moving towards closer fiscal co-operation.