Ex-IMF economist warns about UK

The BBC is reporting that an Ex-IMF economist, Simon Johnson, believes the UK should be added to the list of European countries that are at risk of insolvency.


According to my formula on the forward going burden, per my post Greece vows to reduce debt, the UK has the second-highest burden only after Greece.

That being said, the UK is a financial hub with much expertise, it has its own currency, a history of fiscal stability, a many significant assets, and reasonably transparent policies. While it may rank very high in the forward going burden the United Kingdom’s risk is offset by these factors – at least for the moment.

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