Euro chaos: Britain prepares for worst
Nigel Morris
Britain is drawing up plans to deal with the consequences of a possible collapse of the eurozone - including a fresh banking crisis - in the wake of the chaos in Greece. The opening of the G20 summit of the world's most powerful economies in Cannes was overshadowed by the turmoil in Athens last night, as the Greek Prime Minister dramatically abandoned plans for a referendum on the European bailout deal in the face of furious opposition at home and abroad.
But, amid growing fears that a Greek economic meltdown could spread through the rest of Europe, there are still concerns that the European plan brokered last week is not enough.
G20 leaders, including David Cameron, are contemplating a huge expansion of the International Monetary Fund to cope with the consequences if Greece were to leave the eurozone.
Pour citer cette ressource :
"Euro chaos: Britain prepares for worst", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), avril 2011. Consulté le 04/12/2023. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/euro-chaos-britain-prepares-for-worst