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View Full Version : European Nations 'as Bad as Argentina' in 2002, Ferguson Says - Bloomberg



NewsWhore
06-01-2009, 08:50 AM
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European Nations &#39;as Bad as Argentina&#39; in 2002, Ferguson Says (http://news.google.com/news/url?sa=T&ct=us/2-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601085%26sid%3DaWIsYmP8RzuE%26refer%3Deurope&cid=1252855973&ei=HsMjSpyOAtnbmQeQ57BS&usg=AFQjCNH7cpxPutv3fJO-UhIJk0x89C7NZg)
Bloomberg
“One has to be extremely nervous about the situation in the United Kingdom, borrowing on the same scale as the US but without a reserve currency,” Ferguson said. The UK Treasury predicts the deficit will reach 175 billion pounds ($287 billion) this ...


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