The causes of the Eurozone crisis happened
before 2010. It is the full effects that are now being seen. It is silly to rule out the Eurozone crisis as not being a factor. It all adds to the general nervousness to do business as you don't know what's around the corner.
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The interest paid by banks to savers has been at record low levels. Any further eurozone trouble means those rates would rise later rather than sooner.
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Official statistics show that nearly 47% of UK exports went to the eurozone in 2011, while nearly 43% of UK imports came from the eurozone.
A long-term spiral of decline in the economies of Europe would mean less demand for UK good and services, and that could mean job cuts, especially in manufacturing.
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