Dr Oliver Hartwich of The New Zealand Initiative discusses his new book, Why Europe Failed.
Over the past years, we have become used to Europe’s debt crisis. 33 more words
From Michael G. Jacobides in Harvard Business Review:
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….while some EU policies are punitive or counter-productive, the strength of opinion of pundits long on conviction and short on detail seems to ignore the real root cause of the crisis.
From Michael Weiss:
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…..“These wealthy oligarchs all come to London because it’s a really good place to put your money,” Simon Farrell QC, a British attorney who specializes in corporate crime and money laundering, told The Daily Beast.
Michael Pettis quotes a Brazilian economist on the dilemna facing the US:
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….As the US becomes a declining share of the globalized world, the costs of imposing stability (and I have no illusions that this is done for charity) rise, and its share of the benefits decline.
Liquidity mismatch compares the saleability (liquidity) of a bank’s assets to the stability of its funding. Assets such as cash and Treasury bonds are highly saleable and one can expect a ready market even in times of crisis. 707 more words