banana republic n. A small country that is economically dependent on a single export commodity, such as bananas, and is typically governed by a dictator or the armed forces.
That's the definition of BANANA REPUBLIC we're all familiar with, it's a term usually attached to South American countries, but in this most recent Sky News interview UK Chancellor George Osborne is confronted with the question of whether this makes UK a banana republic?
"Is banking our bananas, or is it luxury cars?" frankly, I can't work out what this interviewer's REALLY trying to get Osborne to say.
