Monday, March 9, 2009

World Leaders

IMF: Fifth of Britain's GDP spent so far on bailouts

Alistair Darling has already spent almost a fifth of Britain's GDP on bailing out its shattered banking system – more than any other major economy, according to a grave assessment of the world financial crisis published today by the International Monetary Fund. With G20 finance ministers due to gather in Sussex next Friday for a two-day meeting before the London summit in April, the IMF has totted up the costs of financial bailouts so far. It calculates that the UK has spent as much as 19.8% of its GDP, topping the table of G20 countries

Posted by sold out @ 05:34 PM (858 views)
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4 thoughts on “World Leaders

  • tyrellcorporation says:

    The bailout amounts are directly proportional to the desperation of the incumbant government. The sad thing for the uk is that Gordon brown is probably the most desperate leader in the world with the possible exception of Robert Mugabe.

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  • tyrellcorporation says:

    The bailout amounts are directly proportional to the desperation of the incumbant government. The sad thing for the uk is that Gordon brown is probably the most desperate leader in the world with the possible exception of Robert Mugabe.

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  • Crashwatcher says:

    Tyrellcorporation – what is it you are saying?
    Are you saying our government is the most desperate in the word because we have the worst banks in the world?
    OR
    Are you saying they are the most desperate because the UK government has the least money in the world?
    OR
    Are you saying that they are desperately woried because they think that the Tosy Party (with close links to the Banks) will get power in the next election which will not only result in bankrupt banks but a bankrupt country?

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  • Crashwatcher says:

    A fifth of UK GDP has been invested in Banks! Would have been better to let the banks fail after all who needs money!

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