Tuesday, June 29, 1999 Published at 07:50 GMT 08:50 UK
Mandelson steps onto Euro stage
Brussels speech: new role as Labour's ambassador for Europe?
Former Trade Secretary Peter Mandelson has urged European leaders to embark on radical reform on the European Union.
His enthusiasm for the single currency is in marked contrast to the official line from Downing Street.
Prime Minister Tony Blair has now agreed to front the Britain in Europe campaign - but only on the condition it waters down its focus on the euro.
Only 8% of the British public had actually turned out and voted for the Tories, he said.
"I believe the election defines a frontier beyond which hardline Euroscepticism will not pass."
He claimed visionary status for the euro's pioneers, suggesting the United Kingdom risked being left behind if it remained outside.
"The single market and the euro are the right responses to today's world.
"It is not about building a federal super state or a government in exile, but a Europe with a capacity for united political action where this is useful and needed."
Benefits for all Britons would include lower prices, cheaper finance and increased investment, Mr Mandelson said.
His speeches will heighten speculation that he is to act as the government's advocate for Europe, taking a key role in the debate over whether the UK should adopt the single currency.
He said he was "absolutely convinced" pro-Europeans would win the battle over the single currency before a referendum was called on the UK joining.
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