Friday, September 18, 2009

Full-blown

Britain 'facing immediate risk of full-blown financial crisis'

Britain faces a 'clear and present danger' of a full-blown fiscal crisis, a City report warned yesterday. Analysts at investment bank Nomura cautioned that the public finances are 'plunging deeply into the red in a spectacular and frightening way', leaving the UK far more vulnerable than the United States.

Posted by mark @ 09:02 AM (2269 views)
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4 thoughts on “Full-blown

  • cynicalsoothsayer says:

    Just print more money to cover the shortfall.

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  • Anyone think Nomura have a vested interest in shorting sterling?? Which is exactly what they are doing with releases like this.

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  • There is no evidence in the article to justify the headline.

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  • Is it a news?

    Except for those poor folks not lucky enough to have access to this website.

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