Second Bank Bailout Could Break Britain

A report from the world's central bankers warns that debt-ridden governments might not be able to afford bank rescues in the event of another economic shock

Britain's mountain of debt could leave the country powerless to launch another rescue bid in the wake of a fresh financial crisis, the world's central bankers warned Monday. Their "club" – the Bank of International Settlements – presented in its annual report a frightening picture of the impact of a second banking emergency on heavily indebted nations such as Britain.

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