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?

3 comments:

  1. "You'll Never Walk Alone"

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

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  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...

    Luciano

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