Quote of the day

Friday 07 October 2011 10:17 BST

Sir Mervyn King blamed concerns over indebtedness in the eurozone and disappointing growth and fiscal policy in the US for a sharp downturn in the market mood (EPA)

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"This is the most serious financial crisis at least since the 1930s, if not ever" - Mervyn King, governor of the bank of England

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