Crisis and competition in Europe
Great Britain — the nation fights for its credit, and for benefits from its EU membership
“This is the most serious financial crisis that [Great Britain] has ever seen” (Sir Mervyn King, 6 Oct 2012), so the governor of the Bank of England has been saying since the crisis broke out nearly six years ago. The Prime Minister explains the reason for the crisis to the common folks: it started across the Atlantic with the property crash but “we were hit particularly hard by the banking crisis because of the significant size of our financial sector” (David Cameron, House of Commons, 13 May 2011). The nation whose capital city accommodates the greatest concentration of international banks and other financial speculators — this nation is a victim infected by the American financial markets? The matter is slightly different from what the national view would pretend. Along with the USA, Britain is the prominent cause of the global financial crisis. No wonder the country is also among those most affected by the crisis — and therefore one of the principal actors in the crisis competition of states.