If only we had joined the Euro

[MrMark]

Europe warns Britain over its rising debt:

Times Article

Brussels turned up the heat on Britain yesterday over the Government’s plunge into the red as a result of the recession and the banking crisis.

In a fresh warning shot at the Treasury over its soaring budget deficit, the European Commission classed Britain alongside the struggling Irish Republic and stricken Latvia as the European Union economies whose national finances had been most dangerously hit by the costs of the crisis.

Alistair Darling was again urged to take more urgent and radical measures to bolster the UK’s budgetary position, which Brussels said was set to be even worse next year than the Chancellor has forecast so far as the recession bites harder than the Treasury expects.

[MrMark]

Where does the UK get its money to spend 100s of billions to bail out its own banks?

RBS lost more money than any other global bank:

RBS loses £36 billion

[sunnysan]

Erm

Where does the European Central Bank get the money to lend to eurozone banks?

UK subsidies to the EU?

[TimberWolf]

Where does the European Central Bank get the money to lend to eurozone banks?

[minestrone]

Hasn't Mervyn King got a little sign on his desk with exactly those words on it?

That's is because he uses SKA as his home page.

[Doggy Styles]

Anything atw recommends is always wrong.

Hasn't Mervyn King got a little sign on his desk with exactly those words on it?

[BrilloPad]

Anything atw recommends is always wrong.

[Doggy Styles]

But when you tell people today, they don't believe you.

[DimPrawn]

http://news.bbc.co.uk/1/hi/business/8116486.stm