Banking Worries - A New Crisis for Portugal? | Made in Germany interview
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Portugal's weathering of its crisis is considered exemplary, but troubles of the banking family Espírito Santo are clouding the picture. Is Portugal facing a new banking crisis? Stefan Kooths from the Kiel Institute for the World Economy talks about how eurozone crisis countries are faring. More videos: http://www.dw.de/english/madeingermany
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it seems there is a lot of profitability in debt buying. so its off the banks balance sheets but there arrangements still have a maturation time that can explode again if the debt sold is not taken seriously.
its interesting debt buying and litigation has exposed governmental corruption.
what is the outcome. globally we have monetary expansion energy expansion obligation shifting rolling liability replacement ect what next do we need population expansion as population contraction can not solve economic imbalances how many times can you change the name of the liquidity & redistribute the liquidity.
haircuts how? when no one wants a haircut. you force creative asset movement and aggressive multi decade litigation that are time booms there is no more low hanging fruit now its just hard work and good management with a healthy dose of humility and realism.
there is a young Serbian family husband and wife team selling fish fish soup and salad for 380 rsd and it tastes great just not well designed that the realism that few wish to face and there happy!
so you built a massive monument to yourself only to sell underwear on boxes in front of it i wish people would relax a bit about economy. artists media & designers must do a better job of putting out situation in perspective so the hen pecking can tapper off.
the art and fashion world is already riding it self from there own hysteric self indulgences now it clean relaxed creativity and output.
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