Blog Archives

Cyprus: Who is to blame?

Well there is either a little evil creature travelling throughout the world collapsing economies or there is a common practice of excesses and risky investments carried out by financial institutions around the world. I would tend to believe is the

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Posted in Banks, Economy, Politics

Iceland rebels against paying its debt, and the EFTA tribunal agrees

Iceland won an important battle this week at the European Union level to avoid paying to foreign investors for the Icelandic bankruptcy of 2008. The Tribunal of the European Free Trade Association, resolved that no European law had been broken, and the

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Posted in Banks

Debt: How legitimate is it? Must we pay for it?

Debt is a curious concept. While it remains a taboo word in some countries like Germany, who suffered in the 20s and 30s of hyperinflation caused by the First World War debt repayments, and still remain subconsciously traumatised by it,  it is

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Posted in Banks

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