BoE: Greek situation ‘very dangerous’ but not contagion

LONDON: Greece’s deepening debt crisis has become “very dangerous” but there is no sign yet of it spreading to other countries on the periphery of the euro zone, Bank of England (BoE) deputy governor Jon Cunliffe said.

“We’re not seeing signs of that at the moment. Financial markets are not showing there is contagion or spreading of those risks to the periphery,” he said in a BBC radio interview.