Commentaries (some of them cheeky or provocative) on economic topics by Ralph Musgrave, Durham, UK. This site is dedicated to Abba Lerner. I disagree with several claims made by Lerner, and made by his intellectual descendants, that is advocates of Modern Monetary Theory (MMT). But I regard MMT on balance as being a breath of fresh air for economics.
Sunday, 16 May 2010
Deutsche Bank loses money in Greece?
Josef Ackermann, CEO of Germany’s Deutsche Bank says Greece may not be able to repay its debts. O.K. Herr Ackerman: if you had anything to do mit loans to Greece, warum sind sie still in your job? Sind your political connections besser als those of Goldman Sachs?