Bank of England Head: World Facing Worst Economic Crisis Ever

The world is possibly facing the worst economic crisis in history, the governor of the Bank of England said Thursday.

Sir Mervyn King was speaking after the decision by the Bank’s Monetary Policy Committee to put £75billion of newly created money into the economy in a desperate effort to stave off a new credit crisis and a UK recession, the Daily Telegraph reported.

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via Bank of England Head: World Facing Worst Economic Crisis Ever.

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