Will the United Kingdom be the next to require a Bailout?

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As crippling austerity pushes Greece to the brink, and leaves Spain in need of a bailout, which could threaten the entire Eurozone – British voters are worried their country could be next. Conservative Prime Minister David Cameron brought austerity to the UK in 2010 – and has since seen virtually no economic growth.

And now a new poll shows that 73% of British voters think their country is “moving in the wrong direction.” The poll, which was commissioned by the International Trade Union Confederation, also found that voters across the G20 felt their respective nations were in trouble - with 56% of respondents saying their nation is also heading in the wrong direction. Also – roughly two-thirds of those polled in the G20 said that banks, financial institutions, and corporations had too much influence on their government’s economic decisions.

The U.N. is also weighing in on the austerity agenda in a new report that says Europe is in a “vicious circle” of high unemployment, debt, and austerity. The report urges government to move away from austerity and instead promote growth and job creation, which appears to be finally happening in places like France and Greece. But in the United States – Mitt Romney and the Republican Party are doubling-down on austerity – to crash the economy and hurt Obama's re-election chances.

Thom Hartmann Administrator's picture
Thom Hartmann A...
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Dec. 29, 2009 9:59 am

Comments

If the puppet political prostitutes of the Top One Percent remain as fixated as they are on bailing out the gangster banksters ad infinitum, it begs the question: How much more can they possibly steal from the Other 99 Percent before the masses are simply bled dry? There is a solution, however. Please read "Instead of bailing out the banksters ... " and hundreds of other hard-hitting stories on www.WRISEUP.COM.

Henry McRandall
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Jun. 12, 2012 6:07 pm

Yes, nationalize the banks, and let the conservatives go ape shit crazy.

Phaedrus76's picture
Phaedrus76
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Sep. 14, 2010 7:21 pm

Hear! Hear!

Karolina's picture
Karolina
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Nov. 3, 2011 6:45 pm

UK is monetarily sovereign, unlike Greece, and can never go broke.

–To understand economics, you must understand Monetary Sovereignty. Most economists and politicians don’t. « #Monetary Sovereignty – Mitchell

at http://rodgermmitchell.wordpress.com/2009/09/07/introduction/

pshakkottai's picture
pshakkottai
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Jul. 11, 2011 10:27 am

Greece will also be monetarily sovereign in a very short time.

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THISAA
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Dec. 16, 2011 5:49 am

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