Will The Sinking Pound Really Cause Anarchy?
Tuesday, December 30, 2008
Not that the British media is known for avoiding sensationalizing the news every chance it gets, but what do you make of the Daily Mail’s response to the British pound’s recent flirtation with parity to the Euro (not to mention a virtual nosedive against the USD): “‘In past decades a currency crisis on this scale would have threatened governments,’ said the Daily Mail.”
I think it’s far more likely you’re going to see suddenly richer folks from the Continent roaming Oxford Street than wandering bands of pitchfork-carrying Brits looking for the head of Gordon Brown. Maybe the Mail’s implying that in years past, such disparity would cause a peaceful electoral defeat for the ruling party, but come one, which sounds like it’d be more fun to see?