BRITISH BUSINESS SECRETARY: ‘BIGGEST THREAT’ TO WORLD ECONOMY IS U.S. RIGHT-WING ‘NUTTERS’ EXTREMISM ON DEBT CEILING

Last week, Europeans leaders surprised critics by agreeing to a second rescue package for debt-stricken Greece. To those “irresponsible”people who had been “gleefully anticipating the collapse of the euro currency,” British Business Secretary Vince Cable presented the “irony of the situation at the moment.” A former economist, Cable told BBC television yesterday that “the biggest threat to the world financial system comes from a few right-wing nutters in the American congress rather than the euro zone.”