No 10 talks on Greek economy crisis

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Published: Monday 9th February 2015 by The News Editor

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Prime Minister David Cameron has met senior officials from Whitehall and the Bank of England to discuss the possible impact on the UK economy of continuing instability in Greece.

The hour-long meeting in the Cabinet room at No 10 came amid continuing speculation about potential Greek default on debts or exit from the eurozone.

Downing Street stressed that the overwhelming majority of Greek debt is held by eurozone institutions, not by Britain, and that reforms since the previous crisis in 2012 may have lessened the vulnerability of other European countries to a shock from Greece.

But Mr Cameron’s official spokesman said: “There do remain risks around contagion and uncertainty and so it is important to look at all of those.”

Published: Monday 9th February 2015 by The News Editor

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