The analysis by Bank of America and Merrill Lynch predicted the Bank of England would have to print another £200billion in a bid to boost the economy
BRITAIN faces a crippling £230billion hit if Greece is forced to quit the euro, experts warned yesterday.
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They said the UK economy would be slashed by two per cent — around £30billion — and plunged even deeper into recession.
The analysis by Bank of America and Merrill Lynch predicted the Bank of England would have to print another £200billion in a bid to boost the economy. This would be on top of £325billion already pumped out by the Bank in recent years.
Merrill Lynch UK economist Nick Bate said the Eurozone economy would plummet by around four per cent if Greece is forced out.
The news comes days after it emerged the UK’s double-dip recession is deeper than originally thought. And the bleak warning about the impact of a “Grexit” came as SPAIN slid deeper into crisis.
