Euro Area Sovereign Debt Crisis

2 mentions.

2013 - 2013

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2013

two mentions

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Moreover, although the UK's economy has considerable risk exposure through trade and financial linkages to a potential escalation in the Euro Area Sovereign Debt Crisis, its contagion risk is mitigated by the flexibility afforded by the UK's independent monetary policy framework and sterling's global reserve currency status.

As a consequence, the Euro Area Sovereign Debt Crisis and subsequent recession have weighed heavily on the UK recovery.


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