Britains banks too exposed to dodgy debt, IMF says

10th November 2010, Comments 0 comments

The International Monetary Fund gives the UK generally high marks in its appraisal of the government’s economic and fiscal recovery package, but warns that Britain’s banks are dangerously exposed to sovereign risks in Spain, Portugal, Ireland and Greece. Saying that “economic revovery is underway in the UK”, the IMF also recognizes that UK’s banks performed ...

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