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Facepalm.

|Includes:EUO, iShares MSCI United Kingdom ETF (EWU), FKU, FXE

Britain's growth is halved in part due to Osborne's detrimental austerity measures and Osborne says "It is taking longer than anyone hoped, but we must hold to the right track."

Just the other day, Krugman said that "The truly incompetent are too incompetent to realize that they're incompetent." This describes the situation perfectly.

Stocks: EWU, FKU, EUO, FXE