Euro debt deal 'good news for Jersey'

Senator Philip Ozouf said that the current ‘economic chill’ on markets, businesses and jobs in the UK had a knock-on effect on the Island, and that a more stable and secure Europe was good for business and good for Jersey.

Speaking after agreement was reached on a deal for banks to write off 50 per cent of the Greek debt and bolster Europe’s ‘bail-out fund’ to one trillion euros (£880 billion), the Senator said that although Jersey would not be directly affected, there would be an indirect benefit to businesses and Islanders.