The Chancellor said that tackling the deficit was 'most urgent issue' facing the coalition, warning that Britain could face a Greek-style financial crisis if it fails to act responsibly.
'This is the legacy of 13 years of fiscal irresponsibility. And it poses a very real threat to the recovery. Greece is a reminder of what happens when governments lack the willingness to act decisively and quickly, and when problems are swept under the carpet.
'If we fail to tackle the deficit we inherited, the consequences could be disastrous.'
Wales on line, lazy reporting.
8 years ago