Uh oh. Just when you thought it was safe to jump back into Greece again, news comes that Greek borrowing costs have soared above 7% interest. AFP reports that, “Taxi drivers and lawyers have begun strikes against planned budget cuts.” Yet the important news here is that despite the assurances of loans from the EU, market investors are making the Greeks pay to borrow.
April 15th, 2010 | Dan Denning | 3 comments | ContinuedAll Posts Tagged With: "BIS"
A Look at Debt and Super
But despite that warning, and despite debt far in excess of their incomes, Aussies are STILL spending money like it’s going out of fashion.
November 11th, 2009 | Kris Sayce | 4 comments | Continued
