UK Economic Policy Illogical

BBC.3.25.2013

In an interview with Joe Lynam of the BBC’s Newsnight on March 25, 213, Summers talks about Cyprus, the Eurozone and the UK economy, saying “I have had some difficulty following the logic of British policy, I would have thought a loan guarantee is more or less the same thing as a loan. ¬†Both expose tax payers to risk of loss.” Watch the video here.