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philip rizk

Three years after Lehman, a new debt crisis looms | Business | The Guardian - 0 views

  • By effectively nationalising a good chunk of the debts accumulated by the private sector, western governments have now raised concerns about their own solvency
philip rizk

Icelandic voters reject Icesave debt repayment plan | World news | guardian.co.uk - 0 views

  •  
    "economic and political chaos"
philip rizk

Global finance has dysfunction at its heart | Ha-Joon Chang | Comment is free | The Guardian - 0 views

  • While this debate is crucial, it should not distract us from the urgent need to reform our financial system, whose dysfunctionality lies at the heart of this crisis
  • why not simply ban products whose safety cannot be convincingly demonstrated, as we do with drugs
philip rizk

Time to end the underwriting of unethical business abroad | Lisa Nandy | Comment is free | guardian.co.uk - 0 views

  • When the project buyer fails to pay up, the ECGD can turn this into "third world" debt
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