SciFiBoy said:
Kasz216 said:
SamuelRSmith said:
I can't understand people's mentalities when they blame GB for the recession. I don't think he was in control of France's economy, or the US's, or China's, or anyone else's apart from ours, for that matter.
I personally prefer Gordon Brown to Tony Blair, but that's for another day (or not, depends on how this thread goes  ) |
Yeah. Though the UK is in a worse position then the UK and China.
The UK has a very real shot at going bankrupt like Iceland has.
Which you may actually perfer considering your polcies since it would almost definitly force England closer into the EU fold.
I'd think the EU would step in and do a currency transfer fairly fast so as to not adversley effect the poor too much.
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any proof that were about to go bankrupt? seriously ive seen none? when you have Evidence of this, then post
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Your country has by far the highest budget deficit in the world when it comes to a major country...
And being a major country and being a finanical hub of lending... you actually have debts that may need to be paid should people start pulling out pretty fast.
Also your banks are a fairly large part of your economy and they have a lot of foreign currency liabilties.
To put it another way.... Iceland collapsed with a debt that was 600 percent of it's GDP from it's banks.
The UK's is currently 450 Percent if your banking system fails.
