Draghi’s scheme may make some very rich people even richer – and that doesn’t make it a good idea

| September 12, 2012 | 0 Comments

According to the Organisation for Economic Co-operation and Development (OECD), the total estimated public cost of the Icelandic financial crisis was around 20 per cent of GDP. However, this wasn’t caused by the collapse of the banks or the disruption involved in winding them up. No. According to the OECD authors, more than two thirds of that […]

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