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Mark Carney: Bank of England Alone Can't Save UK Economy from Crisis
Thrugelmir
Posts: 89,546 Forumite
Mark Carney warned on Thursday that he would be moving to a "crisis" economy when he takes over as governor of the Bank of England later this year.
Speaking in Washington, the current governor of the Bank of Canada bracketed the UK with the group of weak countries still trying to emerge from the downturn of the past four years. Carney sought to downplay expectations that he could single-handedly transform Britain's prospects, warning that central banks could only do so much and that healthy public finances and structural reform were needed to secure long-term growth.
http://www.guardian.co.uk/business/2013/apr/18/bank-england-carney-uk-crisis-country
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Comments
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It's OK, the thrusting private sector is going to save us. Any day now."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0
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Seems as the Messiah hasn't arrived.
Back to austerity.0 -
Thrugelmir wrote: »Seems as the Messiah hasn't arrived.
Back to austerity.
Perhaps atonment is needed too. Whilst that is sadly lacking austerity on it's own sucks."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Thrugelmir wrote: »
Code for I haven't got a subby either but hey oh it's only for 5 years."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0
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