(MENAFN- Qatar News Agency) The UK's hopes of economic recovery are being "killed off" by the eurozone crisis, Chancellor of the Exchequer George Osborne has warned.
Writing in the Sunday Telegraph, Osborne said European leaders faced a "moment of truth" which could determine the economic future for over a decade.
He added that British businesses were "being held back because of uncertainty about the future."
"Our recovery - already facing powerful headwinds from high oil prices and the debt burden left behind by the boom years - is being killed off by the crisis on our doorstep," he said.
Osborne wrote that the lesson of the last two years was that treating the "latest symptom" would not be enough to "cure the underlying conditions."
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