Sunday, 10 January 2010

Disappointment ahead for UK — and big test for euro

The Times
"Since the beginning of the credit crunch, most of my analysis had been based on a core assumption that appeared ridiculous in the months just after Lehman but which now looks as if it may have been right after all. I believed that the credit crunch was just an ordinary financial boom-bust cycle that happened to be blown out of all proportion by an astonishingly incompetent policy response in the United States."

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