Greece – a symptom, not a cause
I appeared on Newsnight last night, to discuss the Eurozone crisis – and Greece in particular. (You can watch it with the BBC’s iPlayer..our slot is about 7 minutes into the show.)
I appeared on Newsnight last night, to discuss the Eurozone crisis – and Greece in particular. (You can watch it with the BBC’s iPlayer..our slot is about 7 minutes into the show.)
So, five of the world’s biggest central banks have decided on co-ordinated action to bail out – once again – the European private banking sector. In other words, central bankers are hoping to shore up private bankers, help their defer their losses, and prevent them being disciplined by market forces for their reckless lending to …
It has been a busy week in Australia – I will be posting in more detail very soon. But for now you can listen to an interview with me on ABC Radio National Breakfast: http://www.abc.net.au/rn/breakfast/stories/2011/3310691.htm For any of you in Sydney – come along to the Catalyst event: ‘Making the boom pay… if not now, …
Making the boom pay….radio interviews and upcoming talks Read More »
Irish Finance Minister Noonan and Luxembourg Treasury Minister Frieden attend an EU finance ministers meeting in Brussels. Image source: www.reuters.com I find it hard to write about the crisis in Greece….because the tragedy unfolding there is so reminiscent of the tragedies that unfolded in Africa, Latin America and South East Asia in the 80s and …
Bankers: draining funds from taxpayers courtesy of finance ministers Read More »
By surrendering key economic levers to Brussels, Frankfurt and Washington, George Papandreou has hollowed out Greece’s democratic system. Will the Greeks fight to regain their independence?
3rd March 2010 If today’s speculators bring down the Greek economy, they will likely blow up more debtor nations, and then in a cascading effect, turn on their main benefactors, the now heavily indebted British and United States governments. Citizens are rightly angry at the way both the Bush and Obama administrations, aided by Governor …