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BCC: Looming Grexit an Opening for Fundamental European Reform

Commenting on the Greek financial crisis and its implications for UK business, John Longworth, Director General of the British Chambers of Commerce, said:

“With capital controls now in place and Grexit looking more likely by the hour, ministers here need to focus on minimising the immediate fallout for UK businesses and markets. Business also wants to see wide-ranging action to stabilise the Eurozone.

“The need to shore up the Eurozone could create an opening for fundamental reform of the UK’s relationship with the EU. British companies will want Downing Street to seize the chance to secure far-reaching reform of the common market and the opt-outs required to support long-term growth here in the UK. Many of these reforms would also support the economic performance of the EU as a whole.”

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