Greece euro 'storm' could affect UK and global markets

The Bank of England has cut its growth forecast for this year to 0.8% from 1.2%, saying the eurozone "storm" is still the main threat to UK recovery.

The eurozone was "tearing itself apart" and the UK would not be "unscathed", said Bank governor Sir Mervyn King.

Some experts are considering the economic implications of Greece's decision to leave or stay in the eurozone.

Andrew Balls, of global investment firm Pimco says, "a disorderly outcome for Greece is going to be bad for the global economy".