Saturday, September 24, 2011

DAVID CAMERON WARNS ECONOMIC DISASTER

''..The world is ‘staring down the barrel’ of a new economic catastrophe, David Cameron said last night.
As panic-selling rocked global stock markets, leading UK companies lost £64billion of their value in the FTSE 100’s worst day since the height of the crisis in spring 2009.
The Prime Minister blamed the eurozone and America for the turmoil, saying they must get a grip on their vast debts.
In a day of dire economic news:
  • New figures suggested the 17 eurozone nations are already back in recession;
  • The end of the single currency zone was predicted by billionaire investor George Soros;
  • The head of the International Monetary Fund warned the world was entering a ‘dangerous place’;
  • Fears grew that France’s banking sector will need to be bailed out;
  • Greece looked unlikely to deliver fresh spending cuts, risking a catastrophic debt default;
  • Nouriel Roubini, a leading American economist, suggested the crisis could be as grave as it was in 2009.''


Read more: http://www.dailymail.co.uk/news/article-2040666/European-debt-crisis-David-Cameron-warns-global-recession-economic-disaster.html#ixzz1Yq4tdHNC

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