Friday 16 October 2009

Ex-FSA chief Sir Howard Davies sees 'dramatic’ risks for Britain

Telegraph
"The British people are living in a fool's paradise and have yet to understand the gravity of the economic crisis, according a former head of the Financial Services Authority.
.....What is disturbing is that the British people seem unwilling to face minimal belt-tightening. Even professors in higher education are balloting to strike, demanding a continuation of boom-time pay raises. "You have the best minds in the country planning to go on strike for 8pc. People are miles away from understanding what is needed."
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German 'Wise Men' fear credit crunch in 2010

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