Hello im daryn jordan this is counting the cost on aljazeera a look at the world of business and economics this week its been a little more than a decade since the financial crisis will the pandemic push the banking and financial industry into another meltdown more jobs are lost than during the entire Global Financial crisis and millions more on the line as 2000000000 people go into lockdown. As rich nations pick up last paychecks those people on the margins of society that have no safety net from former workers in developing countries the migrants in rich nations whos looking out for them. Well from a Health Emergency to an Economic Disaster as the world grapples with a coronavirus pandemic unresolved the old wounds may trigger another financial meltdown as rich nations spend trillions trying to keep businesses afloat theyre relying on banks to maintain the flow of cash to industries and offering learn repayment holidays to consumers well in europe where banks have yet to recover from
Now the leader of the press a party in all but name and thats what he has to deliver or itll all be over very very quickly Boris Johnson famously prepared to news paper columns favoring both leave and remain before opting to support the leave campaign ahead of the 2016 referendum some wonder now whether hell be persuaded to opt for a softer briggss compromise one of the realities facing his heart breaks it promises become clear i think if faces a huge challenge i mean any any party takes faces huge constraints in terms of both what the e. U. Will agree to and what parliament will agree to and he might say that hes going to leave the e. U. On the 31st of october to deal with delhi or fundamentally that is not an issue entirely in his gift and it wouldnt surprise me at all if behind the scenes his team are preparing for a possible general election in the autumn because it might well go wrong supporters compared johnson to Winston Churchill a crisis leader. The e. U. Wont called hes bluff