Downing Street Says » US Debt crisis

» Monday, August 1, 2011

US Debt crisis

Asked for the Government’s reaction to the US deal to tackle the debt crisis, the Prime Minister’s Spokesperson (PMS) noted that the process was ongoing but said the Government welcomed progress being made.

The PMS said there had been a time of international economic uncertainty, whether in the US, the Eurozone or from commodity prices, so agreement would help stability across the global economy.

The PMS added that the lesson from international uncertainty of recent weeks has been the importance of countries taking the necessary action to build confidence.

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