The Global Systemic Risk has been Programmed for 2014

Dimitris N. Chorafas

Chapter 13 in Sovereign Debt Crisis, 2011, pp 232-251 from Palgrave Macmillan

Abstract: Abstract ‘We should not be beholden to a tyrant,’ said Cato, the Roman senator; but he did not point out that this was improbable, perhaps even impossible. As the power of the Roman Senate declined, the Republic fell. Why did its power decline? Because it became passive, failed to raise its voice and gave the reins to individuals who escaped democratic scrutiny. America is in the same situation today, according to Dr Nelson Mohler, in a personal communication to the author.

Keywords: Central Bank; Banking Industry; Balance Sheet; Public Debt; Sovereign Debt (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-30712-4_13

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DOI: 10.1057/9780230307124_13

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