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Tag: euro

100 ZAX = 1 USD: Why Duterte should push for ASEAN’s common currency

Posted on June 7, 2018 By zaxx 13 Comments on 100 ZAX = 1 USD: Why Duterte should push for ASEAN’s common currency
100 ZAX = 1 USD: Why Duterte should push for ASEAN’s common currency

NOW is the best time to pursue radical changes. Why? Because we have a strongman (iron-fisted visionary) at the helm. So if you want something done with expediency, now’s the time to take action – while we have a Duterte around. It was during the golden age of the Pharaohs (powerful visionary leaders of Northern Africa)…

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Development, Economy, Money Talks

Crisis in Greece: Would you lend money to a person who can’t pay?

Posted on July 13, 2015 By benign0 32 Comments on Crisis in Greece: Would you lend money to a person who can’t pay?
Crisis in Greece: Would you lend money to a person who can’t pay?

Lots of debate around who is the victim and who is the bad guy in Europe nowadays thanks to the financial crisis gripping Greece and, as a consequence, the rest of the European Union. It seems to point to the underlying fundamental difference between the way creditors and debtors think which is not too different…

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Development, Economy, Government

The Greek financial crisis is really a simple issue

Posted on July 7, 2015 By benign0 62 Comments on The Greek financial crisis is really a simple issue
The Greek financial crisis is really a simple issue

The financial crisis gripping Greece is really not that complicated. Greece opted to join the Eurozone and replace its local currency, the drachma, with the euro in 2001. Its government then started tapping the Eurozone financial market taking out euro-denominated loans as part of its normal course of doing business. However, underneath all that, Greece’s…

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Development, Economy

Lack of thinking and arrogant attitudes are the Philippines’ undoing

Posted on April 29, 2013October 28, 2015 By Ilda 150 Comments on Lack of thinking and arrogant attitudes are the Philippines’ undoing
Lack of thinking and arrogant attitudes are the Philippines’ undoing

In the Philippines, there are many people who claim to have a monopoly on great ideas. They claim to know what is good for you and everyone else. Some of them get very impatient about bringing their ideas into “action”. These people also think that their ideas are superior to other people’s ideas. They quickly…

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Culture, Government, Politics, Society

US not happy with strict Ph bank secrecy laws

Posted on February 20, 2012December 23, 2016 By benign0 6 Comments on US not happy with strict Ph bank secrecy laws
US not happy with strict Ph bank secrecy laws

Following the landmark decision coming from the Senate court trying the impeachment of Chief Justice Renato Corona to uphold a Supreme Court restraining order on the opening of Corona’s dollar accounts, much attention has now been directed to the Philippines’ “archaic” bank secrecy laws. According to also secret United States embassy cables revealed by Wikileaks,…

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Crime, Economy, Money Talks
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