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.jpg "British finmin: European countries should cut their budget deficits")
Euro zone countries, especially those in southern Europe, need to cut their budget deficits to show that they can live within their means, British finance minister George Osborne said on Friday.
Osborne, visiting China ahead of the G20 meeting this weekend in the South Korean city of Busan, said that Britain's planned austerity measures to cut the budget deficit will boost confidence in the economy, adding he was optimistic about the global economic outlook.
"I think if we are able to show that we can do that, and I am confident we can, then I think that will bring economic confidence," Osborne, deficit hawk, told UK business leaders in Shanghai.
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