Na Monetary Times jest rzeczowe omówienie kluczowych elementów umowy handlowej Brexitowej między UE i UK. Molvanîa jest fikcyjnym krajem europejskim, należącym niegdyś do Związku Radzieckiego. Według przewodnika, kraj ten posiada najstarszy w Europie reaktor jądrowy, a także jest kolebką krztuśca i molvańskiego psa kichającego. Książka pełna jest anegdot, niewybrednych żartów mieszkańcach i stereotypów, za co była szeroko krytykowana.
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The structural reform that was envisioned, reducing the reliability on debt, never took place. As an alternative, markets took the message from central banks and saw it as a backstop, meaning that there would always be a buyer for unserviceable debt. One of many main makes use of of debt is for leverage. Usually the consequence of taking up excessive debt is chapter, but when there’s all the time a buyer for unservicable debt corporations can simply hold issuing it. As you may imagine, this induced debts to soar. Central banks turned tangled up in their own insurance policies because markets and economies turned reliant on central banks shopping for up unservicable debt.
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