There was reason to this apparent insouciance. What happened was that the figures published by the Office for National Statistics (ONS) finally caught up with the huge banking bail-outs of late 2008, when the government took effective control of Royal Bank of Scotland (RBS) and Lloyds Banking Group (LBG) by injecting big slugs of capital into them.” Read more.
“Chronicle of a Debt Foretold”
The Economist, January 28, 2011.
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