Monday 13 October 2008

Momentous Day!

On the day that the UK government took a substantial stake in a number of banks the BBC News site provides an excellent overview of curent developments and background to the financial crisis. Link to Global Financial Crisis
It is shaping up to be one of the most tumultuous times on record in the global financial markets.
The financial landscape is going through a period of upheaval with some major firms folding, other operations merging and a limited number of companies in both the Europe and the US, being rescued at a governmental level. Link: Financial Crisis in Graphics


The Guardian published an article outlining the likely effects of a recession on the real economy. Link to article

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