Finance Financial Crisis
Bad stuff happens in September. For some reason, it is a month that has had more than its fair share of financial crises, perhaps because problems that have been bubbling away come into sharper focus once the summer holidays are over. Britain came off the Gold Standard in September 1931. The pound was turfed out of Europe’s Exchange Rate Mechanism in September 1992. And 18 years ago this week, the collapse of Lehman Brothers plunged the global economy into deep recession. This September, there are again reasons to be nervous. There are soaring oil prices, which are feeding through into…
News Timeline:
Track the development of this news story across the Internet.