Archive for austerity
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«We all are in a Ponzi world right now. Hoping to be bailed out by the next person» — interview with DANIEL STELTER
Message: “I think it is obvious that the endgame is near” — interview with Daniel Stelter, founder of the German think tank Beyond the Obvious
Interview by Jorge Nascimento Rodrigues (c) JNR, November 2014
Euro zone peripheral debt sustainability simply is unattainable without defaults – UWE BOTT, financial advisor
The week that Doctor Bernanke confirmed rumors that an exit from QE is likely and the Italian Mario Draghi assured he was a central banker with an “open mind”, the reaction of the PBOC trying to empty the Chinese shadow banking financial bubble, the demonstrations in Brazil and the volatility of financial markets led me to talk to Uwe Bott, an independent financial adviser and regular contributor to «The Globalist». (c) JNR 2013
Eric Maskin (Nobel Prize in Economic Sciences 2007): “Austerity must be gradual”
“Imposing austerity when economies are in bad shape, does not seem appropriate. The slump will be longer. Austerity must be gradual. So sharply is counterproductive. Budget adjustments must be implemented in the long run, not immediately. You should reduce budgets in good times, not in bad times. Budgets should have been reduced during the good times. But this wasn’t done.” It is the view on fiscal adjustments of Eric Maskin, Nobel Prize in Economic Sciences of 2007, interviewed by Jorge Nascimento Rodrigues in Lisbon.
(c) Janelanaweb.com /LisWires, 2012