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11 months ago

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Breakingviews - UK water meltdown resurrects bank crisis dilemmas

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Breakingviews - UK water meltdown resurrects bank crisis dilemmas

The UK's water crisis is resurrecting 2008-style dilemmas. The government may take over heavily indebted Thames Water, a hapless privately held utility unable to fund capital needs that may stretch to 10 billion pounds. As governments found when trying to prop up the likes of Royal Bank of Scotland during the global financial crisis, it may have to choose between two bad options.

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Breakingviews - UK water meltdown resurrects bank crisis dilemmas

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Breakingviews - UK water meltdown resurrects bank crisis dilemmas

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