UK Credit Crunch Effects Deeper Than In The US (Sports Arbitrage News)
The financial sector has been worst hit. Many major European banks had exposure to the US mortgage market and according to the Institute of International Finance, the European banking sector lost more money last year than American banks. In Denmark and the UK, governments have stepped in to stop Roskilde and Northern Rock banks going [...]
Tagged Arbitrage, Bank Of England, Cost Of Living, Economic Forecast, Economy, Employment, Housing Market, Inflation, Interest Rates, Mortgages, Oil Prices, Real Estate, Stagflation, Unemployment