Rolling coverage of the Greek debt crisis, as UK chancellor warns the risks to the world economy is growing each day.George Osborne: Danger of ‘very bad outcome’ from Greek crisis is risingGreek government faces vote of confidence 7.43am GMT Britain’s chancellor of the exchequer has warned that the risks of a “very bad outcome” from the ongoing Greek debt crisis has risen.Speaking in Istanbul, George Osborne told Bloomberg TV that there is a growing danger that the deadlock over Greece’s bailout programme spirals out of control.“It’s clear that the risks to the world economy, the risk to the British economy of this standoff between the euro zone and Greece, is growing each day.The risks of a miscalculation or a misstep leading to a very bad outcome are growing as well.” 7.43am GMT Good morning, and welcome to our rolling coverage of the Greek debt crisis, and other events across the world economy, the financial markets and business.A sense of optimism in Athens as OECD's Gurría visits town to discuss reform pkge (& debt restructuring?). Parliament to vote on govt 2nite. Continue reading...
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