Running primary surpluses when 25 per cent of the population live in poverty does not appear to be an outcome one should boast about.
Read HERE
Bill Mitchell: The assessment that Greece has been an ‘astonishing success’ beggars belief
Corruption
T. Sabri Öncü: To Loot or Not to Loot? How Public-Private Partnerships Harmed Turkey
Without the debt and income guarantees provided by the Turkish government, many of the Turkish PPPs cannot survive bankruptcy. Read Here Photo with thanks to https://pxhere.com/en/photo/661535
Economics
Thomas Piketty: Will money creation save us?
The question of more monetary intervention or fiscal policy solutions has been discussed for years. As Piketty points out, it is not that simple, any solution will have to solve a large numbers of issues […]
Economics
South China Morning Post: China’s property crisis: who and what will save the indebted developers in the world’s largest real-estate market?
Sunac, which forked out 43.8 billion yuan in 2017 to help Wanda, defaulted on a US dollar bond last week, and had its rating cut twice by Fitch, deep into junk status R&F, which bought […]
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