Lord Mandelson - coalition needs Euro allies to defeat SII

The former European Commissioner (pictured) told delegates at the National Association of Pension Funds (NAPF) conference that Britain needed to foster alliances in Europe if it wants to maintain its influence. He warned the Eurosceptic arm of the Conservative party risked creating an irreversible break with Europe at a time when Britain should be supporting the European Union through the current economic turmoil. Mandelson said: "To divert or to blunt Solvency II needs more than Britain and two of our closest pals to say no. That is not a blocking minority or a working majority even....