Wednesday, October 19, 2011
New excuse for massive QE2,3,4,5,6,7,8,9,10
The Governor of the Bank of England has warned that "time is running out" for the UK and global economy. Sir Mervyn King told bosses the "recovery in our trade position is at risk of stalling" because of the latest economic problems. In a speech to the Institute of Directors in Liverpool, he said the eurozone debt crisis was delaying the UK's return to economic normality. The governor explicity stated that some European countries and banks are bankrupt during the address on Tuesday night.