Lessons from a similar debt crisis
France emerged from World War I with very large debts. Here’s a comparison, using the IMF debt database, with the country the deficit scolds use to scare us nowadays: […]
France emerged from World War I with very large debts. Here’s a comparison, using the IMF debt database, with the country the deficit scolds use to scare us nowadays: […]
While there is a high-stake poker game going on between the troika (IMF/ECB/EU) and Greek politicians, the fundamental question is whether Greece can actually be reformed?
Capital flows going the wrong way, anything to stop them?
Another creative idea hits a pocket of air and deflates..
After all, there seems to be some modicum of market optimism, with peripheral yields going down..
‘Thinking of it, it’s perhaps surprising something like this hasn’t happened before
Getting ever more creative..
Join the club..
Waiting for the tsunami..
Making amends, but the damage has been done..