Show us the money

Neil Hume on FTAlphaville excepts some notes from RBS: … nt-1103274

This thread had the Pin’s first mention of the Troika who arrived 10 years ago this month and departed exactly three years later. Anniversaries barely mentioned by the media but a major chapter in our economic history.

Should we consider the experience as the successful completion of a difficult economic programme - obviously far better than the Greek nightmare which lasted twice as long and was far more painful - or as a permanent mark of our propensity towards financial irresponsibility? We are as highly indebted as ever (forget the GDP ratio nonsense) and we are borrowing at unprecedented levels to pay for the pandemic.

How long before the Troika returns?

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