Comments on: Get used to high inflation! http://guywhitcroft.com/2010/02/25/get-used-to-high-inflation/ Musings on Business in General, the Technology Industry and its Channel. Mon, 06 Feb 2012 16:07:32 +0000 hourly 1 http://wordpress.com/ By: uberVU - social comments http://guywhitcroft.com/2010/02/25/get-used-to-high-inflation/#comment-124 Sat, 13 Mar 2010 05:02:28 +0000 http://guywhitcroft.com/?p=105#comment-124 Social comments and analytics for this post…

This post was mentioned on Twitter by guywhitcroft: Tighten your belts – high inflation rates are on their way again… http://bit.ly/d0wqzt #in…

]]> By: Guy http://guywhitcroft.com/2010/02/25/get-used-to-high-inflation/#comment-113 Fri, 26 Feb 2010 11:04:28 +0000 http://guywhitcroft.com/?p=105#comment-113 Thanks, Catarina. Interestingly, the Greek Public Debt stood at 108.1% at the end of 2009 – so below the bigger economies of Japan and Italy (and some other, smaller economies)… On this basis, they shouldn’t be in as much trouble as they are.

However, it is starting to look as if the government accounts in Greece were not accurately stated in order to get them into the EU. If this is the case, those responsible in the Government and in the merchant bank that was involved in the process should be prosecuted for fraud, I believe.

]]> By: Catarina Alexon http://guywhitcroft.com/2010/02/25/get-used-to-high-inflation/#comment-112 Thu, 25 Feb 2010 16:54:19 +0000 http://guywhitcroft.com/?p=105#comment-112 In some cases the mounting debts are pushing countries closer to the brink of financial ruin. Not least because of credit default swaps. Most major banks are betting that Greece defaults on its debt. Hence the cost of insuring $10 million of Greek bonds rose to more than $400,000 in February, up from $282,000 in early January. In other words it’s getting more and more difficult, and expensive, for Greece to get out of the problem they are in.

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