6 Mar 2014
Flash: UK’s financial system with an unsolvable problem - FXStreet
FXStreet (Córdoba) - There is an insolvable problem at the heart of the UK’s financial system, warns Ross Burland, analyst from FXStreet. A crisis could seriously damage the Pound.
Key Quotes:
“There is an insolvable problem at the heart of the UK’s financial system. The 2008 crisis may have only been the start of the UK’s financial systems disaster. The route of the problem is the UK’s national debt.”
"Remember the Argentinian crisis? The UK could be heading towards such a disaster. It was once said, “To be as rich as an Argentinian”. That is a reminder to me that no country, no matter how ‘Great’, can realistically sustain a financial system that Britain has been running with for so long. I think we are beginning to see the signs of the inevitable and a far worse situation for the UK".
Key Quotes:
“There is an insolvable problem at the heart of the UK’s financial system. The 2008 crisis may have only been the start of the UK’s financial systems disaster. The route of the problem is the UK’s national debt.”
"Remember the Argentinian crisis? The UK could be heading towards such a disaster. It was once said, “To be as rich as an Argentinian”. That is a reminder to me that no country, no matter how ‘Great’, can realistically sustain a financial system that Britain has been running with for so long. I think we are beginning to see the signs of the inevitable and a far worse situation for the UK".