Some Greek Math

With a euro zone update on Greece unfolding (they might lease some islands but we’ll get to that in a moment), here is some Greek math that Michael Lewis presents in Boomerang. Referring to the …

More of a Contagious Disease

From FT.com: “The Irish say they are not Greece. The Portuguese say they are not Irish. The Spanish finance minister said last week that Spain is not Portugal. There are no prizes for guessing w…

The PIIG's Progress

Almost everyone seems to be debating the same issues. Spend less, tax more, or both? Now perhaps Portugal has made some progress. Hoping to bring its budget deficit down to 4.6% of GDP in 2011, their …

PIIGS at the Trough

Debt can be complicated. 1.National borrowing is good. It leads to growth and recovery. In 1792, Alexander Hamilton said that a national debt could be a blessing. In 1936, John Maynard Keynes said tha…

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