He added: “We must be careful not to talk ourselves down.
“There’s still a debt crisis in America, there’s still a debt crisis in the eurozone and there’s still a debt crisis in the UK. Do we (the UK) have any influence in the world? I think we do. First, we’ve set out a plan to reduce the deficit that other countries admire and second we are a member of the G20.
“They are essential trading partners, we need the eurozone. ‘I told you so’ is not an economic policy.”