William Buitter, chief economist of Citicorps, delivered the annual National Council of Applied Economic Research (NCAER) lecture on July 13. Some of the points he made included:
In Japan and Italy, private wealth serves as a saviour despite governments' problems. US, UK, Spain and Greece, do not have this backup.
There is need for a coalition for fiscal burden sharing.
Sovereign default an embarrassment to governments.
European Central Bank can recapitalise all European banks.
Sovereign debt restructure system is not there in Europe.
Europe not ready for fiscal federalism.
Thursday, September 02, 2010
Congress and the BJP can never hope to dominate Karnataka Forming the government after an election is a necessary part of the democ...
Two historians of Akbar's era -- Abul Fazl and Mullah Abdul Qadir Badayuni, one a so-called liberal and other a conservative and a possible hereticWhen it comes to reading about Mughal emperor Akbar's time, the dominant fashion is to rely on Abul Fazl's Akbar Namah. Abul Fazl, ...
The story of RBI’s disaster management Prime Minister Narendra Modi and Finance Minister Arun Jaitley can continue to indulge in the rhe...
After a long time, there is no attempt to extrapolate contemporary concerns on to the past POLITICAL VIOLENCE IN ANCIENT INDIA By Upi...