Economy graphic
Media playback is unsupported on your device
Video

Bank of England warns of euro crisis 'storm'

The governor of the Bank of England has warned the eurozone is ''tearing itself apart'' as it tries to get to grips with the economic crisis.

Sir Mervyn King said there was no obvious solution and as he once again lowered his growth forecast here in the UK - he warned the euro storm could be heading our way.

However, there was some brighter economic news as unemployment fell by 45,000 in the first three months of the year.

Nick Robinson reports.

  • 16 May 2012