Greece: can’t pay/won’t pay?
- 25 May 2012
"Institutional investors, from pension funds to mutual funds sold directly to the public, have slashed holdings in the past decade. Stocks have not been so far out of favour for half a century. Many declare the ‘cult of the equity' dead." FT Alphaville
If the Glass-Steagall Act had still been around in 2008, it probably would not have prevented the financial crisis, writes Andrew Ross Sorkin. Deal book
Mark Harrison says economic history suggests that it is exceptionally difficult to persuade a country to hand over a significant fraction of its national income to foreigners over any sustained period of time. "Naked force will do the trick, but nothing less will do." Mark Harrison's Blog
Eamon Butler explains why the "eurobond" idea will distort the price mechanism and why the system builds in moral hazard for over-spent and over-borrowed countries like Greece and Italy to take advantage of the collective guarantee made by all 17 eurozone nations. Adam Smith Institute
After numerous rounds of monetary easing by both the Federal Reserve and the ECB, Graham Summers believes that recent statements – especially from Ben Bernanke, show that central bankers are finally coming around to the fact that monetary actions have not solved the issues that led to the crisis. Zero Hedge
Got any other suggestions for what we should be reading? Tell us below?
To receive our free daily newsletter sign up here.
- What will happen next to the UK economy?
- How do we defuse the UK student debt time bomb?
- Oh those ghoulish gold bugs
- Tesco shares rise as retailer paves the way for new CEO
- Millions of retirees to be offered free and impartial advice under new pension rules
- Pension reforms: The six points savers need to know
- Death of the 55% tax charge?
- UK dividend growth grinds to a near halt as the strength of the pound hits payouts
- Raging against the machines
- "Should I stay or should I go?" What to consider if your investment fund is under-performing