Queen Elizabeth Big Financial Crisis Loser

Word comes here from Hospodárské noviny, the Czech Republic’s leading business newspaper, that Britain’s Queen Elizabeth II has found herself to be poorly served – poorly served indeed! – lately by her government’s financial ministers, to her considerable and personal cost. HN’s article (no by-line) reports that the value of Queen’s stock market holdings has recently plunged by 37% “in the past days.” That corresponds to a value lost of 1.2 billion – but fans of the Queen should not freak out too much, since that’s 1.2 billion in Czech crowns, corresponding these days to around £37 million. It’s still a considerable sum, though, I have to admit.

And why is this being reported in a Czech, rather than a British newspaper? Well, the HN report does cite as its source the Daily Express. But I could not find anything on this subject on its site, even by entering “Elizabeth II” in that search-box up-top there. (Yes, I did subsequently click on the “SEARCH” button over there on the right. Nada.)

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