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oh dear: Morgan Stanley fears UK sovereign debt crisis in 2010

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    #51
    Originally posted by Gonzo View Post
    In September 1949 the GBP had to devalue. So did the German Deutschmark. The French Franc was on its fourth revaluation by this point.
    In their defence they did have some serious mitigating circumstances for that to happen...

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      #52
      Dominos: S&P Revises Spanish Outlook to Negative From Stable
      How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.

      Follow me on Twitter - LinkedIn Profile - The HAB blog - New Blog: Mad Cameron
      Xeno points: +5 - Asperger rating: 36 - Paranoid Schizophrenic rating: 44%

      "We hang the petty thieves and appoint the great ones to high office" - Aesop

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