At Foreign Policy, David Kenner says it's quite possible the UK economy will implode as badly as Iceland's. A holding of foreign debt twice that of the total British annual economic output, combined with the EU expecting the British economy to contract nearly 3 percent this year, puts it atop a five-country sick list.
Latvia, Greece, Nicaragua and Ukraine round out the list. Read why.
A skeptical leftist's, or post-capitalist's, or eco-socialist's blog, including skepticism about leftism (and related things under other labels), but even more about other issues of politics. Free of duopoly and minor party ties. Also, a skeptical look at Gnu Atheism, religion, social sciences, more.
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January 28, 2009
Britain the next Iceland?
Labels:
Great Britain,
Greece,
Latvia,
Nicaragua,
recession 2009,
Ukraine
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