Posts

Showing posts with the label Sovereign Debt

Up with the new (old) economic truth ... The old teachings are alive again!

Image
Down with the old economic truth ...welcome to the new (old) economic basics ... time to look at Production (real production) and to competitiveness, take a look at people and work hard, promote the ability to coordinate efforts, to plan ahead, to innovate, to induce collaboration and value the ones who create the conditions to grow in a sustainable way, giving the new motivation a chance to be contagious and finally to achieve results ... we might be surprised about what we will find and with what we can do. The Ratings are reflecting it the wrong way. Why?... when they can make it work, measuring it the other way... When a country accumulates sovereign debt in excess, going over their capacity to repay what they are borrowing, again and again, Rating Agencies say - "this is triple AAA" !!!???  This example and the followings occurred during the past decade, but they haven't learned and it happened during the past 2 years after the pick of the fi...