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Tag: global financial crisis

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

Substance matters in an economic crisis

Posted on April 15, 2014July 17, 2022 By benign0 4 Comments on Substance matters in an economic crisis
Substance matters in an economic crisis

Equity. It is that ethereal quality of an entity — be it a person, a business, or an entire society — that spells the difference between the authentic and the pretentious, the sustainable and the fleeting, the substantial and the shallow. When you think “America” what comes to mind? Most likely it will be names…

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Development, Economy

Occupy Wall Street: too little too late stunt

Posted on October 16, 2011 By benign0 9 Comments on Occupy Wall Street: too little too late stunt
Occupy Wall Street: too little too late stunt

The simple fact that many people find this cartoon of Mr Burns holding up a placard with the words “I am the 1%. Smithers, release the hounds” amusing is because Mr Burns is a well-known character of the long-running animated sitcom The Simpsons where he embodies what the “Occupy Wall Street” protestors consider to be…

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Economy, Money Talks
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