Bad Signs

23:51 Fri 10 Oct 2008. Updated: 17:31 28 Jan 2009
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When Western governments start seizing assets belonging to companies from other Western countries, I think that’s definitely not a sign that the economic crisis is getting better. The specific example here is that Britain is using “anti-terrorism” powers to freeze the funds of Icelandic companies in an attempt to recoup the losses of British investors in Iceland, Iceland’s financial sector and currency having just suffered collapses.

That’s both ridiculous and quite frightening, terms which also apply to Berlusconi stating that “world leaders” are considering closing world financial markets while they “rewrite the rules of international finance”.

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