Friday, December 10, 2010
UK most indebted nation after Spain says The Economist
In the authorative Economist league table of countries most endangered by high levels of public and private debt below it is the UK that comes second after Spain, and not the eurozone periphery of Portugal, Ireland and Greece. Japan is ranked after the UK and the US follows straight after Greece. It is an astonishing indictment of the leaders of the developed world that they are ranked up with the so-called economic basket cases.