Sunday 5 June 2011

Good Cop Bad Cop

The link below is a long item but deals very fully with the financial issues at present concerning the functions of the ECB and IMF.

Basically, the thesis is that they have made a serious mess of the situation and the prospects are not good.

The opinion seems to be shared by an increasing number of people.

1 comment:

  1. "Foreign creditors, particularly foreign banks, were the leading beneficiaries of the insane decision by Fianna Fail to have the Irish people guarantee the Irish banks’ debts to these creditors."

    I'm no economist, but even I can see the sense in the above quote. I'm glad we in the UK are on the periphery with our own currency. Even so, the general standard of decision-making is appalling enough to give anyone the jitters.