Από τους Financial Times άρθρο του Wolfgang Munchau
''Let me attempt, perhaps foolhardily, to map out a scenario of how the global economic crisis could evolve in continental Europe.
Even if we assume a recovery elsewhere, Europe’s economy may be stuck at low growth for some time. To understand why, it is perhaps best to look at sectoral balances for households, companies and the public sector.
The current account can be expressed as the difference between national savings and investments. Of the world’s 10 largest economies, the US, the UK and Spain ..''
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O Joseph Stiglitz για τις τράπεζες-ζόμπι
''..“Zombie” banks – dead but still walking among the living – are, in Ed Kane’s immortal words, “gambling on resurrection.” Repeating the Savings & Loan debacle of the 1980’s. the banks are using bad accounting (they were allowed, for example, to keep impaired ..''
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