Q&A: What does the eurozone debt crisis mean for the UK?

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Euro and pound coin
Image caption,

Just over 50% of the UK's exports go to other EU countries

As the outlines of an agreement emerge from the EU's make-or-break summit to save the euro, there is one point that is now certain: The UK will not be part of it.

But while the political stakes for Britain may have become starkly clear, the economic and financial stakes remain wide open.

For the UK stands to gain or lose enormously depending on whether the euro succeeds or fails - an outcome over which the UK now has very little influence.

How does the proposed euro agreement affect the UK?

Will the UK have to pay for any more bailouts?

How might the eurozone financial crisis impact the UK?

So UK banks are at risk?

What about the government?

How would UK trade and business with Europe be affected?

What would it mean for the UK if the eurozone breaks up?