fiscal catastrophe Archives - gandeste.org https://gandeste.org/tag/fiscal-catastrophe/ "(...) între ceea ce știi și ceea ce nu știi, este ceea ce presupui (...)" Thu, 25 Jun 2020 15:05:06 +0000 ro hourly 1 https://gandeste.org/wp-content/uploads/2020/07/cropped-104182978_1671835229636173_6557307592643905737_n-e1595719220399-1-32x32.jpg fiscal catastrophe Archives - gandeste.org https://gandeste.org/tag/fiscal-catastrophe/ 32 32 Germany Caves-In To Bond-Holders https://gandeste.org/politica/germany-caves-in-to-bond-holders/14040/ https://gandeste.org/politica/germany-caves-in-to-bond-holders/14040/#respond Mon, 13 Dec 2010 15:00:41 +0000 http://gandeste.org/?p=14040 Less than two weeks ago, I wrote that Europe faced a clear, simple choice: “benign default” or hyperinflation. By “benign default”, I am referring to imposing a “hair cut” on bond-holders – much like creditors always take a loss in any structured bankruptcy settlement. At that time, German Chancellor Angela Merkel had drawn “a line […]

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