Wednesday, 28 April 2010

Greek financial crisis could hit Britain, warn economists

Businessmen and economists are warning the crisis affecting Greece could be coming to Britain unless the next Government takes drastic action to cut the national deficit.

They warned that hedge funds and speculators would pick off weaker European economies “like they did with the banks”, while senior businessman said the party that wins the election had to be on a “war footing” to deal with the scale of the crisis.

A widespread stock market sell-off was triggered yesterday when ratings agency Standard & Poor’s cut Greek debt to junk status, while a downgrade to Portugal reignited worries about a growing eurozone crisis. Read more...


Disclaimer - The posting of stories, commentaries, reports, documents and links (embedded or otherwise) on this site does not in any way, shape or form, implied or otherwise, necessarily express or suggest endorsement or support of any of such posted material or parts therein.

The myriad of facts, conjecture, perspectives, viewpoints, opinions, analyses, and information in the articles, stories and commentaries posted on this site range from cutting edge hard news and comment to extreme and unusual perspectives. We choose not to sweep uncomfortable material under the rug - where it can grow and fester. We choose not to censor skewed logic and uncomfortable rhetoric. These things reflect the world as it now is - for better and worse. We present multiple facts, perspectives, viewpoints, opinions, analyses, and information.

Journalism is (or used to be) the profession of gathering and presenting a broad panorama of news about the events of our times and presenting it to readers for their own consideration. We believe in the intelligence, judgment and wisdom of our readers to discern for themselves among the data which appears on this site that which is valid and worthy...or otherwise.

  © Blogger template 'Perfection' by 2008

Back to TOP