Posts Tagged ‘default’

  • 16360_10.17_000010717125XSmall

    Euro Problems

    May 10, 11 • 183 Views • Economic Debates, Economic History, Financial Markets, Government, International Trade and Finance, Labor, Macroeconomic Measurement, Money and Monetary PolicyNo Comments

    This country had a national railroad that received $100 million euros a year in revenue but had expenses of $700 million. All public jobs paid an average of 3 times what the private sector paid. Beauticians, musicians and radio announcers were retiring with

  • 15498_captchaFunky

    Default D

    Feb 26, 10 • 180 Views • Thinking EconomicallyNo Comments

    Seeing current concerns about the money owed by Greece, I wondered about her past record.  Until 1932, it was not good.  The first report of Greece defaulting on her debt was during the fourth century B.C.  At the time, ten Greek municipalities