Friday 12 March 2010

Now for some real action

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?


  1. "You'll Never Walk Alone"

    (para os que não sabem, hino do Liverpool FC, mas de repente
    pareceu-me apropriado aqui :-/ )

  2. And? Well, aren't you happy to have your country in such select company?
    On 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...