UK Treasury prepares for 'economic armageddon' if euro falls apart

UTV Business - UK Treasury prepares for 'economic armageddon' if euro falls apart: "The Treasury and Bank of England are making contingency plans for an "economic Armageddon" if the euro falls apart, business secretary Vince Cable said on Thursday as the European commission slashed its growth forecasts and predicted that the continent could be plunged back into recession next year."