Geraint was a keynote speaker at the South Wales Europe and Wales Summit at Bridgend on the weekend

Geraint, who is also a member of the Council for Europe, was speaking alongside Derek Vaughn MEP and Alan Davies AM.

He told the meeting: "The European market supports 3.5 million UK jobs and provides a billion euros of investment each year in Wales.

"Unlike other European members, Britain can set its own interest rates below Europe's to encourage investment and keep mortgages more affordable in Wales

"We can also have a lower Sterling exchange rate so products made in Wales are cheaper to buy in Europe which protects  jobs in a way other European countries can't.

"We're also not part of the Eurozone so do not have to shoulder a share of the bail out fund which for Britain would be £130billion. That's why Government borrowing costs in the UK are lower than say Italy.

"All these advantages were created or negotiated by Gordon Brown and is why we are better off in Europe with European customers supporting Welsh jobs, controlling our own interest rates and currency than being cut adrift as many Conservatives would like.

"We must support stability and growth in Europe as the best way to create Welsh jobs and help deliver a stronger fairer future for all our children in Swansea, Wales and Britain".