The end of the world as we know it

The Greeks are about to go bust; the international financial system about to go broke, a number of banks, and eventually some additional states, too. Too gloomy? We are about to see a number of very unorthodox arrangements to try to limit total abyss: Central banks taking over entire country debt books, nationalisation on a large scale of banks, legal frameworks that are suddenly completely rephrased (and partially omitted on the spot). May be we get at then end a New Deal.

Read more in German.

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