Ed Balls slams Osborne's 'desperate excuses' on economy
Ed Balls MP, Labour's shadow chancellor, has responded to George Osborne's article in the Sunday Telegraph:
"It's deeply complacent and out of touch for George Osborne to blame Europe for a double-dip recession made in Downing Street. He will fool nobody with these increasingly desperate excuses.
"Despite the eurozone crisis, Germany, France and the euro area as a whole have so far avoided recession while Britain's recovery was choked off in the autumn of 2010.
"Our domestic economy shrank last year and without exports to Europe and the rest of the world we would have been in recession over a year ago.
"We urgently need a change of course and a plan for jobs and growth, here in Britain and in the eurozone, if we're to get people back to work and get deficits down. If we fail to act now, we will pay a very heavy long term price."


