Advertisements

Tag Archive: IMF


Greece Bailout Yes or No

Ok, So the Greece just voted in a landslide to reject further austerity (Good for them). So nobody knows what’s going blogto happen next. There nothing like a financial crisis to get adrenaline pumping, Might be the chances of Grexit be higher now, but I would not dig in to detail. Would rather move away to the maverick author Nassim Nicolas Taleb who made the points for Bailouts and Prevailing culture in the financial domain

  • The main difference between government bailouts and smoking is that in some rare cases the statement “This is my last cigarette “holds true
  • The difference between banks and Mafia: banks have better legal regulatory expertise, but Mafia understands the public opinion. Or you can say”Give a man a gun and he can rob a bank. Give a man a bank and he can rob the world”

Continue reading

Advertisements

The topic looks to me never-ending, I have done more than 3 dozen of articles on the European crisis but it looks far from over. With no intention of hurting any body sentiments and due apologies to my friends in Greece and Europe.

 

It was time for the “Men in Black,” as the Greeks call them, to depart once again — without having accomplished anything. The troika, consisting of representatives of the IMF, the European Commission and the European Central Bank (ECB), had had enough. Continue reading

%d bloggers like this: