Wednesday, 30 May 2012

Greece’s Euro Exit to Cost UK £230bn

'Greece’s exit from the eurozone will cost Britain a crippling £230billion and its economy further plunge into recession, experts have warned.

The analysis by Bank of America and Merrill Lynch predicted the Bank of England would have to print another £200billion in a bid to boost the economy. This would be on top of £325billion already pumped out by the Bank in recent years. Merrill Lynch UK economist Nick Bate said the Eurozone economy would plummet by around four percent if Greece is forced out.'

Read more: Greece’s Euro Exit to Cost UK £230bn