David Cameron continues to insist that the U.K.’s decision to veto the E.U. treaty amendment was the right thing to do, but the repercussions from a failing Eurozone continue to reverberate. According to Moody’s credit rating agency, the United Kingdom’s sterling rating is under threat as the Eurozone crisis escalates. They note further that any additional shocks could derail the ongoing efforts to balance the U.K. budget. Read more
