Britainwas everything a countryshouldnotbe in a credit crunch: debt-ridden, reliant onforeignsavings, chock-full of Banksandestateagents, andshortoffirms that madetangible stuff.
The downward spiral began last week with rumors that Cyprus would sell its miniscule reserves to raise cash, and that other debt-ridden European countries would be forced to do the same.