Friday, May 7, 2010

Is the Greek Predicament Going Global?

Leo Kolivakis claims that “The global debt supercycle exacerbated income inequality, and the revolts we are now seeing in Greece will eventually spread throughout the world.”

Would the Greek predicament be a trigger point in the next credit contraction worldwide?

Nowadays, any economy doesn’t operate in a vacuum. Again, we live in a global economy.

When will people ever learn the lessons of history?

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