10 July 2012, 17:44  BoE: Uncertainty over euro crisis hurting global economy

The uncertainty over the future of Eurozone debt crisis is damaging activity around the world, Bank of England Governor Mervyn King reportedly said in an interview with the BBC. King said there is a great black cloud of uncertainty hanging over business. Now businesses are deterring investment and hiring activities. Earlier King said the challenges within the euro area is the single biggest threat to the U.K. recovery.

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