British ex-chancellor turns against euro

Former British chancellor Kenneth Clarke, who is reportedly making a bid for leadership of the opposition Conservatives, has changed his attitude towards euro, referring to it as a "failure".

Mr Clarke is considered strongly pro-European and his critical comments, made before a crucial vote in the Conservative party, are being viewed as an attempt to get more political allies on board.

In an interview with the Central Banking journal, he said he had previously thought the single c...