Global Financial Instability

Obviously the World is in a financial instability and the macroeconomic management of some countries appears inappropriate. This seems to be the continuation of the subprime crisis (crisis of mortgages at risk) which began in 2007 in the USA.

Solutions in the UK

Many solutions have been tried in U.K, first by Mr Gordon Brown: 1 – Nationalization (Northern Rock Bank)…

2 – Financial assistance or Bail-Out in a Bank rescue package…

3 – Acquisition of company by assuming debts or Buy-Out…

4 – Recapitalization (the government took 43% of Lloyd TSB)

5 – Increase in the money supply called Quantitative Easing (Q.E).

Then by the Conservative and Lib-Dem coalition led by Prime Mr Minister David Cameron who was trying to go through the way of reducing public spending since 2010 to July 2016.

And now by Mrs Theresa May who took over as Prime Minister on 13th July 2016 after the Brexit Referendum and stuck to the Conservative 2010 and 2015 Manifesto.

She seems to be a bit confused on how to deal with the issues as she prioritise immigration over economic, political and social commitments.

Expert Opinions

Economists and experts from diverse backgrounds have developed different plans to solve the crisis but they seem to face a "Mission Impossible".