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UK's Osborne says Greece may have to quit euro
Europe may need to sacrifice Greece's membership of its single currency bloc in order to convince Germany to put in more money to save the euro, Chancellor of the Exchequer George Osborne suggested in remarks certain to enrage euro zone leaders. As the EU's biggest economy and largest contributor, Germany holds the key to how the bloc can rescue its troubled, smaller economies and whether Europe is able to agree on a banking union to end 2-1/2 years of debt turmoil. Britain and the rest of the European Union have clashed repeatedly over how to fix the crisis, with London refusing bluntly to take any part in any euro ... (full story)
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