Tag Archives: Banking Crisis

100 Words, 100 Days: Day 57. On Economics.

What I know about economics wouldn’t even fill the back of a very small postage stamp. I can’t tell the difference between hedge funds, trust funds, endowment mortgages and debenture schemes. The only thing I know about defaulting is when the time comes to lay the blame.

Default always lies at someone else’s door (if you pardon the pun). Someone with a bit more knowledge than I suggests that there’s a 98% certainty that Greece will not make its loan repayments within five years.

Default lies with those who gave it to them in the first place. Default was never theirs.

 

 

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