In the British Treasury warned about " the menacing clouds over Europe
The Chancellor of the exchequer of great Britain, George Osborne has warned of " menacing clouds that are gathering over the global economy, informs the print edition.
According to Osborne, the most big risk in itself carries the Risk that the Eurozone back into recession and crisis.
The Eurozone economy stagnicola In the 2nd quarter of the current year. In France, we saw zero growth on a quarterly basis, and at the same time, the Economy is one of the leading States in the Eurozone Italy and Germany decreased by 0, 2%.
George Osborne said that the situation in the Eurozone could have a significant impact on the UK economy.
" The Eurozone is in danger of returning into a state of decline. Britain does not have the ability to be protected from it. Now is the impact on our production and export, " said Osborne's print edition.
The Chancellor of the exchequer believes that without the strength of the German economy, the situation in the European Union would be much worse. However, in his vision, the conflict in Ukraine and then followed punish severely " hit " and the German economy.