Foreign debt of USA is equal to around one years USA GDP in Britain foregn debt is around 5 times annual GDP and in Ireland its around 10 times annual GDP or about the rate which caused Iceland to default last year.
SO yes Britain is in deep trouble be interesting if Brown commits to troop surge in Afganistan I doubt Britain can afford to.
I feel BJ could have left the door ajar with hugo Chavez, saying wont be back while present govt is in power seems emotive ,reminds me that BJ was like that when dealing with Geraldton port authority when with MGX, it didnt win him any friends, and resulted in other users getting preferential treatment of the ship loader.
EVG Price at posting:
9.0¢ Sentiment: None Disclosure: Held