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Page last updated at 08:50 GMT, Friday, 5 August 2011 09:50 UK

'No hiding place' from euro crisis

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With markets fast losing confidence in the finances of Italy and Spain, EU Commission President Barroso has told European leaders that "we are no longer managing a crisis just in the euro-area periphery".

Former deputy governor of the Bank of England Sir Howard Davies explains why the eurozone crisis is "serious" for the UK.


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