Reuters - Video

EDITION: U.S. | U.K. | IN

MOST POPULAR

Snow slows Europe's fragile economies

Monday, 21 Jan, 2013 - 02:01

Jan.21 - Heavy snow fall across much of Europe is set to cost its already fragile economies billions in lost revenue and could push the UK back into recession. Hayley Platt reports.

▲ Hide Transcript

View Transcript

The start of a new week and UK workers are struggling to get in. Snow is covering much of the country causing costly disruption. SOUNDBITE: Unidentified female commuter, saying (English) "There were no trains at my station since half past seven but finally managed to get in now at 10 o'clock." SOUNDBITE: Unidentified female commuter, saying (English): "Horrible, delays of like a couple of hours and such a mess." One in 10 flights were cancelled at Heathrow - slightly better than the 20 percent on Sunday. And retail was also hit as consumers stayed away from the shops. The daily cost to businesses is estimated to be around £1 billion pounds. And that could push an already fragile British economy into a triple-dip recession. BGC Partner's Michael Ingram. SOUNDBITE: Michael Ingram, strategist, BGC Partners, saying (English): "The economy hasn't got a great deal of momentum behind it and it wouldn't take a lot to tip it over the edge. Certainly the disruption that we're seeing in terms of snow at the moment is going to impact UK GDP numbers for January and also many others countries in Europe." Airlines scrapped 40 per cent of flights from Paris too, along with 300 flights at Frankfurt. (SOUNDBITE) (German) PASSENGER, HELMUT VOELKER, SAYING: "We've been wanting to get to Budapest since yesterday lunchtime. We sat in the plane for two hours but it was cancelled so we've been here ever since." With many countries in Europe struggling to keep their economies afloat - even a short spell of adverse weather can be damaging. SOUNDBITE: Michael Ingram, strategist, BGC Partners, saying (English): "If it's just disruption then a lot of the downturn in economic growth that we're seeing at the moment is going to come back at a later date although I would have to say net net you're probably still down on the trade." Britain's transport nightmares come after a series of dire results from retailers. Several chains have gone into administration. GDP figures this Friday are expected to show negative growth for the last quarter. More wintery weather could freeze any recovery in the next quarter. |

Snow slows Europe's fragile economies

Monday, 21 Jan, 2013 - 02:01

Editors' Picks »

The Exchange »

The Exchange: Hot commodity The Exchange: Hot commodity

Wed, 16 Jul, 2014 - (9:25)

The Exchange: Constitutional crusade The Exchange: Constitutional crusade

Wed, 25 Jun, 2014 - (11:35)

The Exchange: The value of money The Exchange: The value of money

Mon, 02 Jun, 2014 - (9:53)

The Exchange: China’s Second Continent The Exchange: China’s Second Continent

Tue, 27 May, 2014 - (9:35)

The Exchange: A master of business arts The Exchange: A master of business arts

Thu, 08 May, 2014 - (8:24)

The Exchange: America's bankrupt cities The Exchange: America's bankrupt cities

Mon, 05 May, 2014 - (8:52)

The Exchange: Let the rocking commence The Exchange: Let the rocking commence

Tue, 08 Apr, 2014 - (8:13)

The Exchange: The Moneyball fallacies The Exchange: The Moneyball fallacies

Mon, 24 Mar, 2014 - (9:54)

Is doing good a good business? Is doing good a good business?

Mon, 17 Mar, 2014 - (7:38)

Oddly Enough »

Elephants 'lovin' polo tournament Elephants 'lovin' polo tournament

Thu, 28 Aug, 2014 - (1:31)

Triplet pandas celebrate a milestone Triplet pandas celebrate a milestone

Thu, 28 Aug, 2014 - (0:48)

Group shatters record for longest flower garland by a mile Group shatters record for longest flower...

Wed, 27 Aug, 2014 - (1:30)

Masked hero sweeps clean Masked hero sweeps clean

Tue, 26 Aug, 2014 - (1:10)

Right muddy mess at World Bog Snorkeling Championships Right muddy mess at World Bog Snorkeling...

Tue, 26 Aug, 2014 - (1:11)

Hello Kitty conquers space Hello Kitty conquers space

Mon, 25 Aug, 2014 - (1:11)

Japanese zoo welcomes red panda cub Japanese zoo welcomes red panda cub

Mon, 25 Aug, 2014 - (0:42)

Is it a plane? No, it's a hoverbike Is it a plane? No, it's a hoverbike

Fri, 22 Aug, 2014 - (2:40)

Fox kicks off "Simpsons" mega marathon Fox kicks off "Simpsons" mega marathon

Thu, 21 Aug, 2014 - (0:56)

Six-story tall duck floats into L.A. port Six-story tall duck floats into L.A. port

Thu, 21 Aug, 2014 - (1:02)

Young artist paints surreal illusions on bodies Young artist paints surreal illusions on...

Thu, 21 Aug, 2014 - (1:30)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, 19 Feb, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, 10 Jan, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, 29 Aug, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, 29 Aug, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, 05 Aug, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, 17 Dec, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sun, 09 Dec, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Mon, 10 Dec, 2012 - (10:39)

Moving Pictures »

Images of August Images of August

Fri, 29 Aug, 2014 - (1:00)

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, 22 Aug, 2014 - (3:12)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, 11 Aug, 2014 - (2:27)

Burned memories Burned memories

Fri, 08 Aug, 2014 - (3:02)

Images of July Images of July

Fri, 01 Aug, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, 11 Jul, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Thu, 03 Jul, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, 20 Jun, 2014 - (3:04)

World Cup: Around the globe in 50 goals World Cup: Around the globe in 50 goals

Fri, 06 Jun, 2014 - (1:08)

VIVID – Sydney’s spectacle of light VIVID – Sydney’s spectacle of light

Fri, 30 May, 2014 - (1:37)