There was a real fear that a euro-zone bank might fail, that we’d have a sovereign debt problem in one of the larger European economies. That’s dissipated, thanks largely to the action of the European Central Bank.

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There was a real fear that a euro-zone bank might fail, that we'd have a sovereign debt problem in one of the larger European economies. That's dissipated, thanks largely to the action of the European Central Bank. There was a real fear that a euro-zone bank might fail, that we'd have a sovereign debt problem in one of the larger European economies. That's dissipated, thanks largely to the action of the European Central Bank. There was a real fear that a euro-zone bank might fail, that we'd have a sovereign debt problem in one of the larger European economies. That's dissipated, thanks largely to the action of the European Central Bank. There was a real fear that a euro-zone bank might fail, that we'd have a sovereign debt problem in one of the larger European economies. That's dissipated, thanks largely to the action of the European Central Bank.

There was a real fear that a euro-zone bank might fail, that we’d have a sovereign debt problem in one of the larger European economies. That’s dissipated, thanks largely to the action of the European Central Bank.

- George Osborne

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