Comment on Investors get real-time view of UK bond market activity for the first timeparentComments−andy_ppp2moMost western economies are bankrupt and the UK is in a worse position than all its peers apart from maybe Japan?−ifwinterco2moBetter than France and Italy as well. But yes it's not much of a beauty contest−andy_ppp2moBoth have the Euro so they have lower interest rates and can consequently borrow more than us. Which would you rather borrow, 137% of GDP (in the case of Italy) at 3% or 100% of GDP at 5%?
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Most western economies are bankrupt and the UK is in a worse position than all its peers apart from maybe Japan?
Better than France and Italy as well. But yes it's not much of a beauty contest
Both have the Euro so they have lower interest rates and can consequently borrow more than us. Which would you rather borrow, 137% of GDP (in the case of Italy) at 3% or 100% of GDP at 5%?