UK economy brought to grinding halt by euro crisis
The Ernst & Young ITEM Club, which uses the Treasury's forecasting models, warns today that the economic situation is worse than we thought.
It concludes that the bright spots in Britain's economic recovery have dimmed to a flicker because of the ongoing crisis in the single currency.
George Osborne, the Chancellor, and Tim Geithner, the US Treasury Secretary, are becoming increasingly exasperated at the lacklustre response of European leaders to the ongoing single currency crisis.
Europe is expected to finalise plans for a two-trillion euro bailout for the single currency area over the next week.
Pour citer cette ressource :
"UK economy brought to grinding halt by euro crisis", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), octobre 2011. Consulté le 05/12/2023. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/uk-economy-brought-to-grinding-halt-by-euro-crisis