George Osborne: Eurozone has six weeks to resolve financial crisis

Guardian
September 23, 2011

George Osborne warned on Friday that the leaders of the eurozone had six weeks to end their political wrangling and resolve the continent's crippling debt crisis.

Speaking in Washington, the chancellor said that the turmoil in the world's financial markets meant there was now "a far greater sense of urgency" and mounting pressure on Europe from the G20 group of developed and developing nations.

"There is a sense from across the leading lights of the eurozone that time is running out for them. There is a clear deadline at the Cannes summit [G20] in six weeks time", Osborne said. "The eurozone has six weeks to resolve this political crisis."

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