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Speaking earlier to BBC News, Mr Osborne said a solution to the eurozone debt crisis must be found by the time the Group of 20 nations meet next month and failure to do so would be "terrible not just for Britain, not just for Europe, but for the entire world economy".
BBC: Tory conference: Osborne rules out temporary tax cuts
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Do not be afraid to make a terrible movie.
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First, it seemed to be excellent anecdotal confirmation that Twitter links really do have a terrible click-through rate.
FORBES: Jay-Z, Beyonce And April Fools' Day
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Is there any part of you, looking at the terrible economic circumstances which may be ahead, that thinks actually we do have to go a little bit slower and cut a little bit less hastily?
BBC: Transcript of Nick Clegg interview
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The PNA says it aims to be most sustainable tuna fishery in the world, partly because it's the right thing to do, but also because in the long run overfishing would be terrible for PNA states' livelihoods.
WSJ: David Walter: The Great Pacific Tuna Cartel
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It's also a terrible thing to do when we are trying to build, in this country, industries that will be vital to economic growth and energy independence in the 21st century.
WHITEHOUSE: Press Briefing by Press Secretary Jay Carney,