Mervyn King: Eurozone Crisis 'Storm' Imminent

[Philtaz]

http://www.bbc.co.uk/news/business-18084700

Looks like the Eurozone really is staring into the abyss.

[jake-the-peg]

"...it was Gordon Brown in 1997 who started the "race to the bottom" of deregulation that caused the global crisis"

Yeah Right!

http://en.wikipedia.o...g_(financial_markets)

[Johnysid]

The deregulation of Stock Markets is an entirely different matter from deregulating banks. Just look at the results - deregulated stock markets led to much cheaper share transactions, deregulated banks led to the crash of the global economy. Brown was deeply responsible and at best negligent - see http://pol-check.blog...ve-been-foreseen.html

It would not surprise me if New Labour did not know what they were doing - see http://pol-check.blog...ts-of-new-labour.html (The Roots of New Labour).