The image of banks has deteriorated. They urgently need to improve their image and regain people’s trust. It will be good for them and society. It’s true that some banks were more responsible than others for the tarnished ethical reputation most people now have of financial institutions. And although banks are not the only parties […]
Who is Picking up the Tab for the Financial Crisis? Is it Fair?
The most heavily indebted governments have always resorted to the same strategy: inflation. Suppose you owe 100 euros that you need to repay in one year at an interest rate of 3%. When the time comes, if inflation is 5%, you will repay 103 euros with a purchasing power of only 98 euros. The lender […]