Day: 16 June 2011

It is not yet clear exactly what the proposals will actually be to secure the retail side of banking from the investment or casino, side. Many, including it is said the Bank of England Governor Sir Mervyn King, would like completely separate companies with no linear connection. The Chancellor’s plan may fall short of this, […]

From the very beginning the chances of Greece getting through without a default of some kind were very slim. They are now very slim indeed. The reason is not so much financial; the figures were a calamity at the start. It is political. The simple truth is that populations will put up with just so […]