Posts Tagged ‘Default’

Argentina/Greece: De-fault lines?

by Ann Pettifor.

So, five of the world’s biggest central banks have decided on co-ordinated action to bail out – once again – the European private banking sector. In other words, central bankers are hoping to shore up private bankers, help them defer their losses, and prevent them being disciplined by market forces for their reckless lending to EU […]

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