“The globe was thrown into a major political and economic crisis last night following the shock decision of Sir Menzies Campbell to resign the leadership of Britain’s Liberal Democrat Party.

“Eleven billion dollars were wiped off the value of shares in Wall Street before trading was suspended, while other world markets were kept closed to avoid panic and possible financial meltdown. George Bush and Vladimir Putin spoke in emergency session and later issued a joint statement urging for calmness during this period of uncertainty. But the resignation leaves Britain’s third party utterly leaderless, and marks the political demise of an inspiration and an icon who spoke for a whole generation.”

NewsBiscuit / World thrown into crisis as Menzies Campbell resigns