Darling: Europe should still be our main concern

Former Chancellor Alistair Darling has warned Europe and its plethora of problems continues to pose the greatest threat to the UK unless growth returns.

Speaking at Investment Week’s Senate in Monte Carlo, Darling told wealth manager delegates there are “underlying problems that still need to be dealt with”. He called for more work to be done to clean up Europe’s banking system, as happened in the UK and US. “Unless, and until, people believe these banks have been cleaned up, there is always a risk they will think a crisis could happen again and this could hold back confidence in the eurozone in particular,” he said. Darling said the eurozone must also try to find a solution for the peripheral countries that actually works. “Any...