This is a column about Wise-Economics: Finance, Forex, Economics and beyond
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European debt crisis, simply put, is the inability of the PIIGS countries (Portugal, Ireland, Italy, Greece and Spain) to pay back bondholders. A slowdown in global economy made it unsustainable for countries with a loose fiscal discipline. Read more
Libor manipulation scandal has been dominating the news lately. It is one more example highlighting corporate greed and how hungry banks are looking to profit through unethical ways. Read more
What is stagflation? It is a condition of slow economic growth and relatively high unemployment accompanied by rise in prices/inflation -- basically a period of stagnation. And is India headed towards stagflation? Read more
One Eurozone country that is making the headline for wrong reasons is Spain. Spanish bond yields surged (close to 6%) to a level which triggered some of the other European countries to seek bailout measures. Read more
