Friday , March 29 2024
Home / Yanis Varoufakis: Thoughts for the Post-2008 World / A Greek Canary in a Global Goldmine – Project Syndicate op-ed 17 May 2019

A Greek Canary in a Global Goldmine – Project Syndicate op-ed 17 May 2019

Summary:
ATHENS – The eurozone country that has become synonymous with insolvency is today proving to be a treasure-trove for some. Traders who bought Greek assets a few years ago have good reason to celebrate, having banked returns that no other market could have provided. But, as is often the case, an opportunity that seems too good to be true probably is. And this one could portend the next phase of our global crisis. An investor who bought German government bonds in 2013 has, by now, gained a 7% return, whereas a buyer of a Greek government bond issued at the height of the country’s debt crisis in 2012 would have earned a colossal 231% return. Two months ago, the price of the first ten-year bond issued since

Topics:
Yanis Varoufakis considers the following as important: , , , , ,

This could be interesting, too:

Robert Skidelsky writes The UK Labour Party’s Green-Energy Debacle

Robert Skidelsky writes Britain’s Post Office Scandal and the Rule of Law

Robert Skidelsky writes How to Prevent an AI Apocalypse

Robert Skidelsky writes Peacekeeping, Past and Present

Yanis Varoufakis
An accidental economist Let me begin with a confession: I am a Professor of Economics who has never really trained as an economist. But let’s take things one at a time.

Leave a Reply

Your email address will not be published. Required fields are marked *