Sunday, September 4, 2011
How will a destabilised Europe assist a HPC
"The IMF must know from its errors in Argentina a decade ago that Greece needs a 40pc devaluation and 50pc debt forgiveness to claw back to viability"....... "Needless to say, battered banks, insurance companies, and pension fund will not wait for further rounds of punishment. They know that Italy must redeem â‚¬14.6bn of debt this week and â‚¬62bn by the end of September, the highest ever in a single month. It must roll over â‚¬170bn by December"...."and..."