Cameron Blames UK Recession On Eurozone

30 April 2012 16:30 - Jack Stupple

    



Cameron Blames UK Recession On Eurozone

David Cameron has said that the UK economy could potentially be dragged down for years as  the euro crisis continues and the Prime Minister also warned that the Euro currency could break up. Speaking on BBC1s Andrew Marr Show Cameron said, I dont think we are anywhere near halfway through it because whats happening in the Eurozone is a massive tension between the single currency that countries are finding very difficult to adapt to. He also said, Its going to be a very long and painful process in the Eurozone as they work out do they want a single currency with a single economic policy and all the things that go with it, or are they going to have something quite different.

Cameron said economies struggling across the channel, which receive 40% of all UK exports, were harming the UKs prosperity. He also admitted that last week's figures showing Britain's economy shrank by 0.2% in the first quarter of the year putting the UK back into recession were "extremely disappointing." In terms of a solution he said, "What we absolutely mustn't do is throw away our plans for dealing with the debt, dealing with the deficit, making sure public spending is properly reduced in the appropriate areas. The low interest rates we have are absolutely vital."

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Related Links :
The Andrew Marr Show - Andrew Marr Interviews The Prime Minister
Related News - UK Back In Recession!
World Economic Calendar - Scheduled Economic Events

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