ABOUT KAMRAN’s Blog and GUEST BLOG
I- KAMRAN’s Blog: Dedicated to the Common Good- aiming to be a source of hope and inspiration; enabling us all to move from despair to hope; darkness to light and competition to cooperation. “Let the beauty we love be what we do.”-Rumi
II- KAMRAN MOFID’s GUEST’s BLOG: Here on The Guest Blog you’ll find commentary, analysis, insight and at times provocation from some of the world’s influential and spiritual thought leaders as they weigh in on critical questions about the state of the world, the emerging societal issues, the dominant socio-economic logic, globalisation, money, markets, sustainability, dialogue, cooperation, environment, media, spirituality, faith, culture, the youth, the purpose of business and economic life, the crucial role of leadership, and the challenges facing economic, business, management, education, and more.
“When we are dreaming alone it is only a dream. When we are dreaming together it is the beginning of reality.”—Helder Camara
Angel Oak Tree, Charleston, South Carolina, USA
Photo: pinterest.com
- Written by: Kamran Mofid
- Hits: 5841
Cost of Greek exit from euro put at $1tn
"We have been through a big global financial crisis, the biggest downturn in world output since the 1930s, the biggest banking crisis in this country's history, the biggest fiscal deficit in our peacetime history and our biggest trading partner, the euro area, is tearing itself apart without any obvious solution." –Sir Mervyn King, Governor, Bank of England
… “A planned breakup of the single currency would cost 2% of eurozone GDP ($300bn) but a disorderly collapse would result in a 5% drop in output, a $1tn loss. "The end of the euro in its current form is a certainty," as noted by the Centre for Economic and Business Research.
And now the rest:
“The Spanish prime minister, Mariano Rajoy, told parliament that his country faced trouble financing itself as borrowing costs shoot up to "astronomic" levels. The Irish finance minister, Michael Noonan, said Dublin's plan to return to capital markets in late 2013 might not be achievable because of the uncertainty.”...
Read more:
http://www.guardian.co.uk/global/2012/may/16/cost-greek-exit-euro-emerges/print
- Poem of the week: 'The Fine Old English Gentleman'
- The Modern Neo-liberal Capitalist
- German voters reject austerity programme
- The Shaming of India
- America was Great when America was Socialist
- A Businessman and an Economist in Dialogue for the Common Good: Dubai 2004
- THE Mother of all Values: The Value of Nature and the Environment