Saturday, June 18, 2011

Bank of England set to voice fears of wider crisis if Greece defaults











Bank of England policymakers will spell out the risks to financial stability from the deepening crisis in Greece, as analysts warn that a default could send shockwaves through the world's financial system.

Fears are growing that Athens could be forced to renege on its debts as the government faces a confidence vote over its austerity measures tomorrow. 


The Observer