Odds lengthen on Osborne's debt reduction gamble

LONDON (Reuters) - In George Osborne's office, a framed cartoon shows Britain's Chancellor being crushed by an elephant labelled debt. The irony may be choking for Osborne: his bet on Britain growing out of its debt addiction is in doubt and the $2.5 trillion (1.59 trillion pounds) economy is bracing for what Prime Minister David Cameron has warned could be the breakup of the euro zone. On inheriting Britain's biggest peacetime deficit, Osborne gambled he could charm bond investors by slashing spending, but that growth rates of between 2.0 and 3. ...