Fathom: Spain could be next to go

Spain is “on a knife edge” as the next country facing possible default on its government debts, Fathom Consulting will warn today. It says the UK is “not far behind it,” despite the coalition’s austerity plans. A stuttering, weak recession is “the best the UK can hope for,” Fathom argues, “given the scale of government and consumer debt that was accumulated over the preceding decade.”