Mervyn King, governor of the Bank of England, today said the eurozone was "tearing itself apart" with no "obvious solution" to the situation.
King was speaking in London at a press conference arranged to reveal the latest Inflation Report from the Bank. The report painted a gloomy picture of the economy, lowering the growth prediction for this year from 1.2% to 0.8%.
The governor said the UK was "navigating through stormy waters" with pressures from the eurozone causing trouble. "Uncertainty can