English, Article 1

Vocabulary

Gilts : des obligations
A mockery : une moquerie
Stepping-stone : un tremplin
Merely : simplement
Bafflement : confusion
To be unwilling : être réticent
Inchoate : naissant, débutant
Mortgage bonds : obligations hypothécaires
A collapse : un écroulement
Ominous : de mauvais augures
All in all : l’un dans l’autre
To loan : prêter (argent)

Summary :

The nationalization of rock Northern which was announced will not be the end of the legend. This nationalization allows to continue as before the work of Northern Rock by reassuring 100 billions £ to try to prevent the English financial system as well as the other damages. “New” Labour protested by saying that there was a neglect in the English banking rules and a contradiction with what had said Gordon Brown against the protectionism.
Furthermore, the problem settles for all the ways of industry which were not helped by the government as was Northern Rock for its 6000 jobs. On this point, the Parliament remains silent for not disclosed the scandal and to bring to light the difference of treatment which took place between Northern Rock and the others. But, what was announced even if ca was to verify by the legal and finacial government "expert" ca is going to meet itself in conflict with the rules of the European Commission unless a plan(shot) on returning to normal is very quickly announced. Furthermore, it would be necessary to justify this decisions with the shareholders current of Rock Northern who can accuse the government of having them to fly by expropriating them of their