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Stock Market Yo-Yo Watch

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Kenneth3/02/2009 10:23:25 am PST

re: #320 yma o hyd

The UK won’t have the same problem as the Euro-zone countries will, but they will face a currency crisis. Still the UK does have more direct control over its economy than any one Eurozone country, so they might cope better. But sooner or later, the EU will pay for their mistakes. The question is whether it’s better to do so now while their banks are still solvent, or to wait and pay a much stiffer price later. It seems they’ve chosen the latter.