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Greater euro cohesion could hit Britain's influence inside the EU, warned Mr King (Photo: Downing Street)

UK bank chief fears Paris, Berlin will push for eurozone political union

by Andrew Willis, Brussels,

As trouble surrounding the Greek economy escalated earlier this year, Britain's top banker warned the US that France and Germany will push for political union inside the eurozone currency club and that this could damage London's influence within the EU.

The thoughts of Bank of England Governor Mervyn King were relayed to Washington by US Ambassador Louis Susman after the two men talked in February of this year, as revealed by a leaked cable from whistleblower site WikiLeaks.

"Ge...

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Greater euro cohesion could hit Britain's influence inside the EU, warned Mr King (Photo: Downing Street)

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