Because despite their applauded “45% deficit reduction”, they still increased central government debt by 3.8% last quarter. We are not talking about percentage of GDP here, we are talking about percantage of debt. This would mean that even if the deficit has been reduced 45% (which I seriously doubt), they are still increasing debt levels by 16% on an annualized basis. (ZH)
On a related note, I just found out why the SEK (Swedish Krona) is being punished today.