Gus:
And there we have it, you are probably a good person, and a nice credit to your country.
I will however not judge the rest of your countrymen on your merits.
Gray, Germany
“Merkel and the German Gov have persisted with blaming the US, long after German Banking shortcomings were blatantly obvious.”
Well, of course German bankers were as foolish as the rest of the world, but it’s still a fact that the idiotic deregulation in the US pathed the way for the crazy financial “products” whose risks became undterminable even for experts. Just remember, it wasn’t a German agency who rated those crappy papers AAA! Not to defend the lamers in our banks, but the ratings by Moody, S&P et al used to be accurate. Just five years ago, nobody would have believed those agency could be so utterly, sytematically, constantly wrong.
During the height of the Great Recession in 2009, then-Vice President Joe Biden touted an alternative financing program known as Property Assessed Clean Energy (PACE). The problem with this [.]
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People wearing protective face masks walk by Avenida Brasil, near the Constitución train station in Buenos Aires City, on April 6, 2021. | AFP/Ronaldo SCHEMIDT
Mexico and Argentina on Wednesday called for international debt relief for middle-income countries home to many of the people pushed into extreme poverty by the coronavirus pandemic.
The nations said that middle-income countries have been forgotten – squeezed between the extremes of nations able to provide monetary stimulus through zero or negative interest rates, and the poorest nations that have benefitted from the G20’s Debt Service Suspension Initiative.
The appeal came on the same day that G20 finance ministers and central bankers agreed to extend a moratorium on debt interest payments for the world s poorest nations.
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| Photo Credit: Reuters
Indian Railway Finance Corporation (IRFC), ONGC Videsh Rovuma and REC Ltd were the three players that raised money in the approval route category India Inc s external commercial borrowings jumped by over 24 per cent to USD 9.23 billion in March this year, RBI data showed.
Indian firms had raised USD 7.44 billion from the foreign market in the same period a year ago.
Of the total borrowings during March 2021, USD 5.35 billion came in through the approval route of the external commercial borrowings (ECB), while the rest of USD 3.88 billion was raked in via the automatic route of raising funds from international markets.