Geoffrey Goodell on Tue, 20 Aug 2019 13:17:49 +0200 (CEST)

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Re: <nettime> It goes beyond the Meat Loaf Problem

On Tue, Aug 20, 2019 at 12:35:21PM +0200, Andr?? Rebentisch wrote:
> If UK refuses to pay their financial obligations that is the equivalent
> to state bankruptcy and would affect their bond ratings.

In any Brexit scenario, with a deal or without a deal, the UK will suffer from
increased credit spreads and a concomitant cost increase in funding everything.

(Yes, the Telegraph!)

I am surprised this is not the focus of more discussion.

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