As the Greek case shows, citizens cannot endure privations for a long period of time.
A very interesting chronological review of the events that undermined Baltic republics which then spread to the Southern Europe.
Category: Economics
An Agenda to Save the Euro
Joseph E. Stiglitz :
The euro was supposed to bring growth, prosperity, and a sense of unity to Europe. Instead, it has brought stagnation, instability, and divisiveness.
UBS Saved €2.5 Billion by Sending a Fax to Brussels
The process for alerting the commission of cartel activity may surprise you: Companies send a fax to Brussels. A dedicated “leniency fax”—the number is +32 2 299 4585, should you be needing it—is the only way, apparently, for the commission to record the official time and date of first contact with whistleblowers in cartel cases. Thus, UBS’s well-timed fax saved it the equivalent of $3.4 billion in fines.
Speed Traders Meet Nightmare on Elm Street With Nanex
The nemesis of Wall Street’s high-frequency traders operates out of an apartment-sized office above the Bliss Salon — manicure/pedicure $45 — on Elm Street in the Chicago suburb of Winnetka.
We Don’t Work Too Much But We Spend Too Much Time at Work
For many professionals it seems, Sunday is less a “day off” than it is to do similar things as you might do while “at work” but without the infrastructure and bureaucracy of being “on the job.”
