Economics and Finance

Crisis – What Crisis? Learn Spanish not French or Greek.

Posted by Andrew on Sep 27, 2011 in Economics and Finance | 0 comments

Does any one remember the UN millennium goals from a few years ago? One of the suggestions for easing child poverty and disease in the 3rd world was to relax or forgive some of the more disadvantageous debts held by third world nations. How did that go? If your answer was ‘it didn’t’ then you would be right. And yet here we are in 2011 and a ‘developed’ nation is now demanding (not pleading, but finger pointing) that the rest of Europe forgive 50% of its sovereign debt. I don’t know if anyone has traveled to Athens recently, but I have heard that it is no Darfur or Tripoli. Instead of hearing regret for years of living beyond their...