Osborne Urges Euro Area Action, Says U.K. ‘Not Immune’ to Crisis
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Chancellor of the Exchequer George Osborne called on European finance chiefs to come up with concrete plans to solve the crisis in the euro area, saying the U.K. and world economies aren’t immune to recent market turmoil.
Osborne broke his silence on the crisis engulfing Greece and other euro countries in a statement released last night by the Treasury in which he demanded “detail” on plans to end the problems. He met European Union counterparts in Brussels earlier yesterday.