The Bank for International Settlements in Switzerland has just published its annual report, and it is a dour document. The BIS (as it's known) was created in 1930 to handle post-World War I reparation payments from Germany to Britain and France. The Great Depression ended reparations, and now the BIS provides -- among other things -- sober commentary on the global economy. Its latest report oozes foreboding.Consider:-- On government debt: "The market turbulence surrounding the fiscal crises in Greece, Ireland and Portugal would pale beside the devastation that would follow a loss of...
Source: http://www.realclearpolitics.com/articles/2011/06/27/the_economic_paralysis_110364.html
political advertising politic enter politic current political news articles political parties
No comments:
Post a Comment