Finance blogger for Reuters, Felix Salmon, discusses the euro zone crisis post-Berlusconi.
Seven percent interest rate is considered the mark of a terrible credit risk? what makes individuals better able to pay debt than money-printers with flags and armies?
fascinating that the magic number of "too high an interest rate" to reasonably be expected to pay back is a fraction of the average interest rate paid by Citibank's credit customers...
"A not unreasonable request," eh wot? This British usage is so predictable.
I never believed in the "great" European Unity you speak of. They done it wrong!
You just touched on this a bit, but I think it needs further discussion. How is a new leader going to be effective if his job is to enact draconian cuts that were so unpopular they caused the downfall of the previous leader?
Oh get people who know what he did, he stood up to Microsoft and sued them for millions of dollars
If people knew anything about history, they'd know that a new Marshall Plan is needed for Europe. The wealthier nation and the IMB can put up the funds. The plan looked to the future, and did not focus on the destruction caused by the war. "Much more important were efforts to modernize European industrial and business practices using high-efficiency American models, reduce artificial trade barriers, and instill a sense of hope and self-reliance"
GreeceI have a couple of friends from Greece, that in the past year, have moved to NY for good. And i have cousins calling me from Greece asking how to get here and work.I call them Economic Refugees.
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