May 10

May 10, 2012 Maxim

Posted by Simon

“It is relatively easy to default on sovereign debt

when a substantial number of the bond holders are foreign.”

Niall Ferguson

The Ascent of Money

Date May 10th, 2012 Filed in Weekly Maxim
1 Comment »

One Response to “May 10, 2012 Maxim”

  1. Simon Says:
    May 10th, 2012 at 7:09 am

    Recent events in Greece and Iceland confirm this point.

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