Jo appeared on Newsnight with Jeremy Paxman last night to discuss the ongoing crisis in the eurozone.  

Jo said: "I think it's great [European leaders] are focusing on competitiveness as closely as they are because the eurozone is going to shrink by perhaps one percentage point of GDP this year and we're acutely exposed to that here in the UK.  

"So measures to deregulate, to exempt small businesses from new regulation, to strike new trade deals with countries such as Kores - there's one in India to be discussed in Delhi in 10 days time - is great news."  

On the UK's role, Jo explained: "The key thing is that Britain is part of the solution - we're at the table, contributing new ideas.  The fiscal pact has now created political space for Angela Merkel to do what she needs to do in terms of giving greater resources to the bailout funds - to eventually looking at the possibility of eurobonds.  Britain's overriding interest is truly protected - putting the single market front and centre.  Furthermore, it's in our interest to make sure the eurozone gets back on its feet financially."  

To watch the full episode of Newsnight click here