Sentences with phrase «massive banking collapse»

It is no secret that German chancellor Merkel is praying for a Sarkozy victory, and even if she makes an effort to get on with Hollande, the judgment of the markets on any new French fiscal policy may leave Paris and Berlin facing a massive banking collapse within weeks (and I am surprised that this is not already looming).

Not exact matches

The scenarios used by the Bank of England are pretty apocalyptic, setting out major collapses in a whole heap of asset classes and a massive worsening of economic conditions.

But the crisis remains acute, with the country's banks already closed for more than a week to avoid a massive outflow of money that could lead to their collapse.

Pension funds were being crushed by the collapse in interest they earn on investments, he added, while the Bank's massive stimulus programme increased inequality by pushing up property and stock market prices, which benefited the better off.

housing collapse bank crisis environmental tragedy joblessness massive spending foreign weakness budget busting culture of corruption lies, graft, deceit, broken promises

In October, in the aftermath of the collapse of US investment bank Lehman Brothers and the UK's government banking bailout, our poll gave Brown a massive «Churchillian» lead, but saw Cameron as top choice for PM after the next election.