As Greece puts the finishing touches to its latest round of cuts, some economists are increasingly alarmed about the signals from the world economyGreek ministers are spending this weekend, almost five grinding years since Athens was first bailed out, wrangling over the details of the spending cuts and economic reforms they have drawn up to appease their creditors.As the recriminations fly between Europe’s capitals, campaigners are warning that the global community has failed to learn the lessons of the Greek debt crisis – or even of Argentina’s default in 2001, the consequences of which are still being contested furiously in courts on both sides of the Atlantic.Brazil’s already in great trouble with the strength of the dollar; I dread to think what’s happening in South Africa Continue reading...
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