Iceland is a good example of the fallibility of the rating agencies. During Iceland’s financial crisis, no one – and least of all the rating agencies – seemed to wonder why three banks from a tiny island with no history of banking could out-earn foreign banks despite borrowing at a relatively high cost.
Tag Archives: Global Financial Crisis
Tony Dolphin explains why the contraction in the 4th quarter of 2011 is likely to be the beginning of a double dip recession.
Just as deleveraging was the watchword for the first stage of the banking crisis, we are now seeing the roots of the second stage: Liquidation.
Will Straw reports on former prime minister Gordon Brown’s comments at the Global Progress Conference in Madrid.
IPPR’s Andrew Pendleton writes about how Osborne giving up the lead on fighting climate change means that he’ll be giving up the lead on the recovery.
Cormac Hollingsworth explains the coalition’s under-preparation with regards to the new global financial crisis
Alex Hern reports on the David Cameron’s interview in this morning’s Financial Times, and the FT’s policy prescriptions for the eurozone.
TweetWilliam Bain MP (Labour, Glasgow North East) is the shadow food, farming and fisheries minister, and contributor to “What Next for Labour? Ideas for a New Generation” It is often claimed that George Osborne views himself as a latter-day Nigel Lawson. Relations between chancellor and the prime minister still appear strong, without the spats which […]