King sees severe threat to UK financial markets


Mervyn King, the governor of the Bank of England, on Tuesday said that instability in Europe could lead to further severe stress and dislocation in financial markets.

In a letter to George Osborne, the UK's chancellor of the exchequer, King described his assessment of the UK economy and warned that recent developments in world stock markets and the euro area posed serious risks to the recovery.

"Several member countries face substantial challenges in ensuring the sustainability of their fiscal

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account