Saturday, May 19, 2012

Either misquoted, or protecting his own resources!


This is the kind of shallow prediction that can cause the damage it is forecasting!

UK 'may never fully recover' if Greece exits euro


"A Greek exit from the single currency threatens to plunge Britain into a second recession equal in ferocity to the record postwar slump of 2008-09, according to the expert responsible for the government's economic forecasting.
Robert Chote, chair of the Office for Budget Responsibility, who was speaking to the Guardian as world financial markets staggered to the end of a week that rekindled memories of the collapse of Lehman Brothers in 2008, warned that there was risk that a fresh downturn would do irreparable damage to the UK."