The rise and fall of the British government

I watched the election in Britain yesterday with some interest and have a prediction as a result: no one will be able to form a stable government and whoever the sitting prime minister is will be forced to call new elections before the year is out. In the mean time, the economic storm clouds that hover over Britain will become a full-fledged storm. Look for the Euro to lose another 20-30 percent of its value and for the uncertainty in Britain to have catastrophic effects on nations like Spain and Italy that rely on British banks for loans.


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