Climbing the Financial Mountain

The precursor to the G20 Summit (London April 2) is the G-20 Finance Ministers meeting ( this weekend). The preparatory gathering is supposed to lay foundations for the main meeting, however, with a division of goals between the U.S.A. and some European members; ‘finding a one size fits all’ could be interesting. The Europeans seem [...]
A Tale of Moral Hazard

A Tale of Moral Hazard

"The mechanism for improving the System works too slowly.  Every time attempts are made to finally patch-up one problem, cracks appear elsewhere"  "Moral Hazard" is the name given to a decision that can influence future behaviour, often for the worse, and usually the person who caused the problem doesn`t suffer the full (or any) consequences. [...]