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David Cameron: world on brink of new economic crisis

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Jon Swaine and James Kirkup
London Telegraph
Sept 23, 2011

The world stands on the brink of a new economic crisis that would leave countries like Britain “staring down the barrel”, David Cameron has warned.

The Prime Minister said that the failure of leaders in the US and Europe to tackle government deficits now “threatens the stability of the world economy”.

Mr Cameron spoke as stock markets around the world fell sharply again, with the FTSE–100 suffering its biggest drop for more than two years.

Politicians, central bankers and investors are increasingly worried that the world’s biggest economies are sliding back into a recession, dragged down by government debts.

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This article was posted: Friday, September 23, 2011 at 3:48 am





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