(FT) -- George Osborne, Britain's chancellor, on Wednesday urged Europe to "put its own house in order" in 2011, calling on eurozone countries to decisively underpin the euro and finally sort out the bloc's fragile banking system.
Mr Osborne, writing in the Financial Times, says Europe has not been bold enough in its response to its currency and banking problems, leaving a shadow hanging over recovery.
The chancellor calls on Europe to restore confidence by tackling deficits and adopting supply-side measures to boost growth, but he says eurozone members must also agree a "comprehensive package" early this year to restore confidence in the euro.
"The sense of crisis may have eased, but wide spreads and high market interest rates still stalk several European economies," he writes, ahead of an economic conference in Paris.
Mr Osborne shares the concerns of Gordon Brown, former prime minister, that European countries have failed to follow the UK's lead by ensuring their banks were properly capitalised following the crash. CNN
