Home Authors Posts by Georgios Zoumpoulidis
What do the earnings of banks receiving TARP money mean? Is rewarding failure the new way of doing business? Is regulation and intervention helpful and necessary or just a multiplier of corruption? And why are there corporations too big to fail, if
Austrian, Greek, Swedish, Belgian and Italian banks hold essentially the bulk of Eastern Europe's debt of almost 1.7 trillion. Did they go all-in before the turn holding just a low pocket pair?
Perception is king: Greece is seen as 'weak', hence spreads widen; but this train of thought suffers from a hidden fallacy...
The recent riots in Greece remind us that tragedies repeated become comedies and in the case of Greece, a 'comedia del arte'. Financial crisis combined with widespread corruption created an explosive social mix -still present.