TAILIEUCHUNG - Charade of the Debt Crisis From Buffoonery to Tragedy in the Debt Folly and Euro Farceby

Thank you for downloading this free eBook. You are welcome to share it with your friends. This book may be reproduced, copied and distributed for non-commercial purposes, provided the book remains in its complete and original form, with the exception of quotes used in reviews. Your support of creative work and respect for private property are appreciated. In dealing with knotty issues, a rampant mistake involves a mix-up between the destination and the journey. For instance, the blooper applies to an entrepreneur who spends a heap of effort in refining a product even though the tinkering has scant impact on the. | Charade of the Debt Crisis From Buffoonery to Tragedy in the Debt Folly and Euro Farce by Steven Kim Thank you for downloading this free eBook. You are welcome to share it with your friends. This book may be reproduced copied and distributed for non-commercial purposes provided the book remains in its complete and original form with the exception of quotes used in reviews. Your support of creative work and respect for private property are appreciated. Smashwords Edition Copyright 2012 Summary In dealing with knotty issues a rampant mistake involves a mix-up between the destination and the journey. For instance the blooper applies to an entrepreneur who spends a heap of effort in refining a product even though the tinkering has scant impact on the quality of the offering. Another sample concerns a politician who believes that rescuing a bunch of crippled banks from their own bungling is a sensible way to shore up the economy. The confusion over means and ends is showcased by the hullabaloo over the financial crisis of 2008 along with the debt crisis in Europe. Among the rash of goof-ups one example was the batty policy of the politicos for propping up the market for sovereign bonds in Southern Europe. According to the rhetoric of the ringleaders an official default by Greece or any other country in the vicinity would shatter the common currency in Europe which in turn would clobber the regional economy as well as the entire planet. Needless to say but worth saying the whole argument was a gust of hot air. As a result the mass of international investors were loath to swallow the swill. Any thoughtful person with a smattering of experience in financial markets would realize at once that the real objective of the meddling was to salvage the pulped banks that were based mostly in France and to a lesser extent in Germany and elsewhere. The rabid bettors had thrown caution to the winds during the run-up to the financial flap and had gobbled up mounds of flaky

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