Bank of England Governor: We will face the most serious economic crisis!!!

English Governor Mervyn King does not look too happy

“We will face probably the most serious economic crisis since 1930 onwards!” The warning comes from the Governor of the Bank of England Mervyn King, who believes that the current crisis in the euro area is at the highest risk for the banking system in the UK.

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Also President Obama came to the ramp and warned that the problems in Europe could trigger real effects on the U.S. economy which is already fragile. The leader of the White House urged Congress to adopt as soon as possible his plan of creating jobs valued at 447 billion dollars.