Wednesday, June 9, 2010

David Cameron invites a 'double-dip recession' if he insists on Greek medicine for Britain's deficit

http://www.telegraph.co.uk/finance/economics/7811591/David-Cameron-invites-a-double-dip-recession-if-he-insists-on-Greek-medicine-for-Britains-deficit.html

The diagnosis above suggests that the two countries are plagued with different diseases. There is zero chance that the UK will default on its debt. So each country needs a different treatment. The UK is demonstrably not Greece.

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