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Which assumes that the financial markets work as advertised. The reason may also be that euro countries really have to find buyers for their debt whereas the UK could just have the BoE take a hand.

Wait this is important. Someone is wrong on the Internet.
by generic on Tue May 18th, 2010 at 08:29:56 AM EST
[ Parent ]
Of course.

And it also assumes that the international financial markets don't behave like bipolar crack monkeys. An assumption that appears equally unfounded.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue May 18th, 2010 at 08:33:34 AM EST
[ Parent ]

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