21/05/2012
Eurozone Collapse Will Fuel Extremism. Warns Clegg
A collapse in the eurozone would create the "ideal recipe for an increase in extremism and xenophobia", Deputy Prime Minister Nick Clegg has warned.
As the Greek debt crisis continues, he told the German newspaper Der Spiegel the single currency could not survive through "fiscal discipline alone".
But he admitted the coalition had at times been too "dogmatic" in its own rhetoric on cutting spending.
Labour warned it would be "incredibly dangerous" if Greece left the eurozone.
The country is due to hold a second general election next month, after parties were unable to form a coalition government following an inconclusive result earlier this month.
There is widespread speculation that it will leave the eurozone, amid opposition to German-led demands that it cuts public spending, and default on its debts.
(H)
As the Greek debt crisis continues, he told the German newspaper Der Spiegel the single currency could not survive through "fiscal discipline alone".
But he admitted the coalition had at times been too "dogmatic" in its own rhetoric on cutting spending.
Labour warned it would be "incredibly dangerous" if Greece left the eurozone.
The country is due to hold a second general election next month, after parties were unable to form a coalition government following an inconclusive result earlier this month.
There is widespread speculation that it will leave the eurozone, amid opposition to German-led demands that it cuts public spending, and default on its debts.
(H)
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Slower Pace As Construction Grows
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