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Eurozone fallout could still hit UK, warns Bean

BANK of England deputy governor Charlie Bean last night warned that eurozone events could yet unfold in a "disorderly and damaging fashion", hitting UK exports, bank lending, and consumer and business confidence.

He struck his cautionary note in a speech to the Scottish Council for Development and Industry in Glasgow, at the end of a day on which eurozone finance ministers sealed a €130 billion bailout for Greece to avert a chaotic debt default next month.