Worldwide stock markets under pressure
Worldwide stock markets are again under pressure today amid concerns that the Greek debt crisis is starting to affect other areas of Europe and will soon impact upon the overall worldwide economy. Despite the fact that a bailout package has been agreed with the Greek government this has yet to be rubber stamped and there are concerns as to whether the French and German governments will waive the deal through.
Only a few weeks ago the subject of budget deficits around the world was interesting but not top of the list of concerns for many investors. However, over the last few days we have seen more and more emphasis placed upon growing budget deficits with the UK having one of the largest budget deficits, as a percentage of GDP, in Europe. This is therefore placing more and more pressure upon whichever incoming party wins the UK election and the need to quickly and sensibly is building by the day.
It is difficult to highlight how important it is for a new government to settle in the UK and at least be given the flexibility and the freedom to tackle the ever-growing UK debt problem. The £1.3 trillion of debt currently piled up at the UK door will take generations to pay back!
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