Perhaps you could made a list of those countries not affected by the world recession.
Every country has been affected by the recession, even China and the U.A.Emirates, because worldwide, every one is buying less.
But these countries and many more have wealth reserves, just because they are in recession it does not mean they have financial debts.
Over the last 10 years our economy has been built on debt, and false house prices have fuelled the economy,
with people borrowing against their supposed value, a case of the Emperors clothes, if ever their was one.
Our industries are slowly being eroded, as we cannot compete against the likes of China and other emerging countries.
Ask yourselves why the IMF judge us to be in such a poor position, compared to other developed countries.
And why the pound has devalued by so much, against other currencies.
The great tragedy of all this is, irrespective of who you blame for this countries ill's, we are technically bankrupt.
We can never hope to repay our debts, and we will sink further into decline.
You ain't seen nothing yet.