In the links today, the biggest threads outside of the NSA scandal were on Greece and Europe. I believe the economy there is bottoming and I want to discuss some of the news flow. There was also a rate decision by the Japanese central bank that was met with disappointment. Let's put this into context regarding the viability of Abenomics.
First on Greece, the beginning of Greece's privatization program failed as the state-owned natural gas company DEPA did not attract the kinds of bids that the government was hoping for. This is a medium-term problem but not a short-term one. Let me explain my view here.
First, the principal considerations is the path of tax revenue versus fiscal outlays. And a number of variables impinge on this, making it a tricky task to predict debt sustainability. The ...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.