Posted by WARREN MOSLER on September 24th, 2012
Yet no funding crisis…
U.K. Deficit to Exceed Greece’s Next Year, Sunday Times Says
Sept 23 (Bloomberg) — U.K. deficit will be £126b ($204b), or 7.8% of GDP, in 2013-14, Times says, citing Morgan Stanley analysis.
Greece’s deficit to be 6.3%, Italy’s 1.7%, Spain’s 5.8%: