Yet no funding crisis…
U.K. Deficit to Exceed Greece’s Next Year, Sunday Times Says
Sept 23 (Bloomberg) — U.K. deficit will be £126b ($204b), or 7.8% of GDP, in 2013-14, Times says, citing Morgan Stanley analysis.
Greece’s deficit to be 6.3%, Italy’s 1.7%, Spain’s 5.8%:
Aposterians (my pityful attempt at a neologism for “austerian apostles”, sorry…) will say that the fact there’s no funding crisis is not due to facts on how the system works, it is thanks to Cameron and Osborne’s “hard-won credibility”!
Deficit is already up 22% y-o-y, at the time they were supposed to come down.
http://www.bbc.co.uk/news/business-19672660
UK stocks a good place to park equity investments?