Doing anymore than halving the deficit in fours years would put the recovery at risk, UK chancellor Darling.
Darling says that any change in the dollar as a reserve currency is unlikely in the immediate future. He says currency markets have been volatile for the last year and the the globe still needs to deal with imbalances.
Darling says that he is determined not to do anything that will hurt London as a financial center. The EU is very keen to do just that…
