UK second most at risk from debt crisis of all major economies Markets The UK is the second most likely major economy to face a debt crisis in the next two years, a fresh survey of financial professionals has found, as investors remain unconvinced by the country’s growth prospects and efforts to keep a lid on spending. According to a Deutsche Bank poll released on Monday, France is [...]
How are ‘bankrupt’ France’s borrowing costs still lower than ours? Markets Locked in a protracted political crisis over the extent of its indebtedness – and with its deficit running at over five per cent of GDP – France has earned itself the unwanted monikers of ‘the sick man of Europe’ and the ‘new Greece’. Despite these woes, its borrowing costs remain lower than the UK’s. Ali [...]
Bridgewater founder Ray Dalio: UK economy at risk of ‘debt death spiral’ Economics Ray Dalio, founder of hedge fund Bridgewater Capital, warned that the UK economy was at risk of a “debt death spiral” following the recent bout of bond market instability. In an interview with the Financial Times, Dalio warned that the government faced the prospect of having to borrow more and more from financial markets in [...]