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. https://www.telegraph.co.uk/business/2018/09/14/uk-credit-rating-risk-fails-pay-brexit-bill-moodys-warns/ (Yes, the Telegraph!) I am surprised this is not the focus of more discussion. Geoff # distributed via <nettime>: no commercial use without permission # <nettime> is a moderated mailing list for net criticism, # collaborative text filtering and cultural politics of the nets # more info: http://mx.kein.org/mailman/listinfo/nettime-l # archive: http://www.nettime.org contact: [email protected] # @nettime_bot tweets mail w/ sender unless #ANON is in Subject:
