Monthly Archives: April 2012

Political Common Sense?

In the blog GreekDefaultWatch, the author thinks his vote through for the May 6 elections and he comes to the conclusion that his vote should go to Stefanos Manos of the DRASI party. I don’t know the blogger nor have … Continue reading

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This is Greece, too!

I accompanied my wife to the local market this morning. An elderly man was selling rice. He sold it for 1 Euro per kilo whereas the price in the nearest supermarket is 3,50 Euro. The man had a big wound … Continue reading

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Here is a party to vote for!

Ronald Reagan proved that one doesn’t necessarily need a detailed party program to accomplish something. Sometimes it is better to have a few simple messages which everyone understands and which are repeated all the time. Below are the messages of … Continue reading

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What Greece needs now – Norbert Walter

Norbert Walter, the former Chief Economist of Deutsche Bank, argued at the INET Conference in Berlin that a “Marshall Plan” is not the answer to Greece’s problems. The answer to Greece’s problems is not more funding but, instead, the following: … Continue reading

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Learn from those who have experience!

From the beginning of the crisis, I have strongly criticized EU-elites for being so arrogant as to not seek advice from those who have practical experience when it comes to countries with external payment problems. As Country Manager first in … Continue reading

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The lesson of West Germany & GDR

Strangely enough, Germany seems intent on ignoring the best lesson on the North/South problem within the Eurozone – its own experience with the former GDR after unification. Estimates of the cost of German unification during the last 2 decades range … Continue reading

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It’s the country risk, stupid!

Anyone who has ever worked in international banking knows that risk management does not only look at sovereign risk per se but, much more so, at country risk as a whole. Country risk is defined as the amount of money … Continue reading

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