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GREEK DEBT SPECULATORS, NEUTRALISED
An English translation by Bernard Bouvet of my post “Les spéculateurs sur la dette grecque, neutralisés”. Last Friday’s ruling by the International Swaps and Derivatives Association (ISDA) that the much talked about Greek debt swap, or the so-called private sector initiative (PSI), does not represent a “credit event” and, therefore does not trigger Credit Default…
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Le Monde – Économie, Monday 8 – Tuesday 9 March 2010
Here an English translation of La machine infernale, my monthly column for March in Le Monde – Économie. A DEVILISH DEVICE Only five years ago, we were led to believe that the advertised model of the economic and financial apparatus represented a system that was finally mature: stable because thoroughly predisposed to self-regulate and practically…