3 Feb 2015
Greek Debt-Deal Is A Rising Threat to Global Economy - UK's Osborne
FXStreet (Mumbai) - UK Chancellor of the Exchequer (minister of finance) George Osborne told media that the stand-off between the euro zone and Greece is becoming the biggest risk to the global economy, after meeting his Greek counterpart Yanis Varoufakis on Monday in London.
“We had a constructive discussion, and it is clear that the stand-off between Greece and the euro zone is the greatest risk to the global economy,” Osborne told reporters
“I urge the Greek finance minister to act responsibly, but it’s also important that the euro zone has a better plan for jobs and growth,” the UK minister added, while also mentioning a specific danger for the UK economy.
“It is a rising threat to the British economy. And we have got to make sure that in Europe, as in Britain, we choose competence over chaos,” Osborne said firmly.
“We had a constructive discussion, and it is clear that the stand-off between Greece and the euro zone is the greatest risk to the global economy,” Osborne told reporters
“I urge the Greek finance minister to act responsibly, but it’s also important that the euro zone has a better plan for jobs and growth,” the UK minister added, while also mentioning a specific danger for the UK economy.
“It is a rising threat to the British economy. And we have got to make sure that in Europe, as in Britain, we choose competence over chaos,” Osborne said firmly.