A Chapter on the Blind for the Benefit of Those Who Can See

Dimitris N. Chorafas

Chapter 9 in Household Finance, 2013, pp 199-224 from Palgrave Macmillan

Abstract: Abstract Within euroland and its 17 economies, some countries have made a serious effort to rein in their finances: Germany, Holland, Finland and Austria are examples (though, like Ireland, Austria has fallen victim to the aggressive expansionism of its banks, which try to recreate single-handedly the Austrian empire). By contrast, other member countries and their citizens have been living well beyond their means. Greece, Italy, Portugal and Spain took a collective leave of their senses. (A special case has been the Irish sovereign which got into trouble because of the blank coverage it (unwisely) provided to its self-wounded banks.)

Keywords: Real Estate; Central Bank; Hedge Fund; Future Contract; Spot Market (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-1-137-29945-1_9

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DOI: 10.1057/9781137299451_9

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