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17 May 2012 Last updated at 05:13 ET

Bank warns of euro crisis 'storm'Sir Mervyn King

The Bank of England warns that the eurozone is "tearing itself apart" with the "storm" threatening the UK recovery, as it cuts its forecast for growth this year.

Background

Timeline From the euro's creation to Greek woes A protestor in Berlin in June 2011

In graphics: The eurozone crisis Compare the deficit in the eurozone countries Promo for eurozone in crisis in graphics

Wage calculator Where are you on the global pay scale? Envelope containing money

Lost decade? Watch: How the US went from boom to bust Despondent traders on the New York Stock Exchange in September 2008 Watch

Our Experts

Robert Peston, Business editor Article written by Robert Peston Robert Peston Business editor

How Hunt avoided lengthy review of Murdoch’s Sky bid

2 hours ago

The memo written by Jeremy Hunt in November about News Corp’s BSkyB bid seems to explain almost everything that transpired in relation to the bid over the succeeding six months or so.

Read full article

Stephanie Flanders, Economics editor Article written by Stephanie Flanders Stephanie Flanders Economics editor

No quick fix for Euro - maybe a slow one? Watch

13:05 UK time, Thursday, 24 May 2012

If you step back from the monthly and quarterly figures, there is quite a lot of evidence that the slow economic fix to the crisis is happening.

Watch Stephanie's report

Expert Views

  • Paul MasonPaul Mason

    The economics editor of Newsnight gives his take on the economic turmoil

  • Gavin HewittGavin Hewitt

    Views and analysis from the BBC's europe editor

Crisis jargon buster
Use the dropdown for easy-to-understand explanations of key financial terms:
AAA-rating
The best credit rating that can be given to a borrower's debts, indicating that the risk of borrowing defaulting is miniscule.
Glossary in full

Features & Analysis

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