Joseph Johnson: Did the Prime Minister see at the G20 any evidence that eurozone leaders were becoming clearer that it is an entirely fanciful notion to expect China to bail out eurozone countries whose GDP is many times its own?

The Prime Minister: I would not underestimate the huge pressure that the eurozone leaders are under to come up with a solution to the crisis in the eurozone. Clearly some of them have huge ideological difficulties with seeing a greater role for eurozone institutions. I do not think it is completely out of the question that other countries—China, or Saudi Arabia—might at some stage want to contribute to a eurozone fund, not least because the risk would be taken with the eurozone money and not with the Chinese or other money. In the end, however, there is no substitute for the eurozone acting first to sort out its difficulties.

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