World facing worst financial crisis in history, Bank of England Governor says


via World facing worst financial crisis in history, Bank of England Governor says – Telegraph.

“This is the most serious financial crisis we’ve seen, at least since the 1930s, if not ever. We’re having to deal with very unusual circumstances, but to act calmly to this and to do the right thing.

Announcing its decision, the Bank said that the eurozone debt crisis was creating “severe strains in bank funding markets and financial markets”.

Closer to the edge?

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