Switzerland has the world’s most competitive economy, according to an annual index from the World Economic Forum.
America came in second place for the first time since 2004, when the WEF began compiling the data in their current form.
In its ranking of the soundness of banks, America fell to 108th position, behind Tanzania. Britain was 126th, one notch below Burundi.
In the highly competitive European Barefaced Lying Stakes, the great Haggis came in second place just three whoppers, and a fib behind uberwanker Silvio “I never paid for it in my life” Berlusconi.