[Osem]

Even the mighty US isn't immune from the dangers so don't imagine for a second that the UK is:

Markets reacted badly to Standard and Poor's downgrading of US debt

http://www.telegraph.co.uk/news/worl...tops-here.html

The good news is that America has not suddenly turned into the new Ireland. The bad news is that the Obama administration is only beginning to face up to its debt addiction, in the way that Ireland and other euro delinquents have been forced to do. And Washington's prolonged debt denial is one factor that has made the economic recovery so fragile and uncertain for all of us.