Some thoughts on the way Europe was once lifted from the ashes and whether there are lessons there for Africa: Approaches in the development sector – Making debt relief work Writing in support of Venezuela during the country‘s blockade by German, Italian and British fleets in 1902-1903, Argentinian foreign minister, Dr. Luis Maria Drago wrote [...]

Like I wrote last week, the Icelandic banks are working on their own solutions for their indebted customers. Even though the state has complete ownership over all of them, they still behave like they are competing, marketing campaigns et al. They would like to assume the forces of the markets are still the same but [...]

Right after the Iclelandic banks had collapsed it emerged that the management of Kaupthing had relieved its key staff of 50 billion ISK in loans they’d taken to buy shares in the bank. The news struck a nerve with people who saw their own debts take off into the stratosphere due to the collapse of [...]