Unicredit has alerted investors that Britain is at a serious bond market and sterling debacle and faces even more intractable budget woes than Greece.
Remember the UPIGS?
Friday, 12 March 2010
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And?
ReplyDelete"You'll Never Walk Alone"
ReplyDelete(para os que não sabem, hino do Liverpool FC, mas de repente
pareceu-me apropriado aqui :-/ )
And? Well, aren't you happy to have your country in such select company?
ReplyDeleteOn a more serious note: Britain is Britain, not Dubai or Greece, places somewhere in the outer rim of PIGgyland. A debt and currency crisis in Britain is something of a totally different nature. I'm not saying it's going to happen, but a sovereign debt crisis in Britain has the potential of being something of, what?, Lehmanesque proportions...
Luciano