British Business Secretary Vince Cable Sunday launched an extraordinary attack on "right wing nutters" in the US who are threatening to cripple the world economy. Cable said the row over whether to raise the American government's debt ceiling was a more serious crisis than the eurozone's problems. Speaking on the BBC TV's Andrew Marr show, he also suggested the Bank of England may have to engage in more quantitative easing - effectively printing money - as growth stalls. Cable said the deal struck in Europe last week to bail out countries such as Greece and Ireland had been a "significant step forward", without solving the fundamental issues. However he added "The irony of the situation at the moment, with markets opening tomorrow moning, is that the biggest threat to the world financial system comes from a few right-wing nutters in the American congress rather than the eurozone."
GMT 09:43 2018 Tuesday ,23 January
Global unemployment down but working poverty rampantGMT 15:13 2018 Sunday ,21 January
All you need to know about Davos 2018GMT 22:33 2018 Saturday ,20 January
Calls for action over dirty money flowingGMT 04:42 2018 Saturday ,20 January
Storm caused 90 mn euros in damage: Dutch insurersGMT 07:06 2018 Friday ,19 January
China economy rebounds in 2017 with 6.9% growthGMT 11:35 2018 Thursday ,18 January
'Massive' infrastructure spending needed in AfricaGMT 14:29 2018 Wednesday ,17 January
GE takes one-off hit of $6.2 bn linked to insurance activitiesGMT 18:55 2018 Tuesday ,16 January
London stock market edges to new highMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor