BIS 2011: EU economy could go into meltdown, warns former Bank of England boss
The former deputy governor of the Bank of England Sir John Gieve has forecasted the European economy will either slowly limp along to recovery and see unemployment rise or go into complete meltdown.
He told delegates on the first day of the British Insurance Summit that it was "50/50" what direction the economy will take and warned the Financial Conduct Authority would become more "assertive and
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