Bloomberg: U.K. Is Vulnerable After Greek Deal, Strategists Say

The U.K.’s budget shortfall reached 11.8 percent of gross domestic product in the past fiscal year, near Greece’s deficit of 12.9 percent of GDP last year. Greece’s gap is the highest in the euro’s history and more than four times the European Union’s 3 percent limit.
“We think that the U.K. could be the next concern for the market,” Pierre-Olivier Beffy and Amelie de Montchalin wrote in a Global Economics Research and Investment Strategy report for Exane BNP Paribas today
The Paris-based economist and analyst added that the “British situation is worse” than that of Portugal, Spain or Italy.