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Osborne says Greek stand-off biggest risk to the global economy
February 2, 2015 / 12:46 PM / 3 years ago

Osborne says Greek stand-off biggest risk to the global economy

LONDON (Reuters) - Chancellor George Osborne said on Monday that a stand-off between Greece and the euro zone over Greek debt was fast becoming the biggest risk to the global economy.

Greek Finance Minister Yanis Varoufakis (L) and Britain's Chancellor of the Exchequer, George Osborne, speak during their meeting at Downing Street in London February 2, 2015. REUTERS/Matt Dunham/pool

“We had a constructive discussion, and it is clear that the stand-off between Greece and the euro zone is the greatest risk to the global economy,” Osborne said after meeting Greek Finance Minister Yanis Varoufakis in London.

“I urge the Greek finance minister to act responsibly but it’s also important that the euro zone has a better plan for jobs and growth,” Osborne said.

“It is a rising threat to the British economy. And we have got to make sure that in Europe as in Britain, we choose competence over chaos.”

Reporting by David Milliken, writing by Guy Faulconbridge, editing by Kate Holton

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