A Streetwise Hercules At The Bank Of England

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By Ben Traynor

Mark Carney's been hired to bang bankers' heads together...

WHERE have all good men gone And where are all the gods? Where's the streetwise Hercules To fight the rising odds? Isn't there a white knight upon a fiery steed? Late at night I toss and turn and dream of what I need. I need a hero.

We imagine Britain's chancellor George Osborne has been humming this tune to himself in recent days, judging by the comments he made earlier this week announcing the Bank of Canada's Mark Carney as the next Bank of England governor when Sir Mervyn King retires next year.

Carney is "the outstanding central banker of his generation with unparalleled expertise in financial regulation" Osborne said.

"He has got what it takes to help bring families and businesses through these incredibly challenging economic times...my responsibility was to get the best for Britain, and with Mark Carney we've got that."

But what makes Carney "the best"?

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