Unless one grew up in Italy when prices were in large numbers in Lira, large numbers require getting used to. Being confronted by them in headlines makes us switch off. But comparing big numbers is possible. For example, the Wikipedia entry on the public debt in France mentions: 1 457 billion Euros of public debt [...]
Filed under: Government debt, National debt, Public debt, Sovereign debt | Tagged: sovereign debt | Leave a Comment »
This article in the Australian Daily Telegraph yesterday is nicely coincidental, as I have decided to publish this blog in English, having launched the equivalent in German in November 2009. After all, the Bank for International Settlements (BIS) in Basel, Switzerland, is the central bank of all central banks. Furthermore, the European Central Bank (ECB) [...]
Filed under: Central Banks, Nation States | Tagged: Basel Bank for International Settlements, Central Banks, government debt, national debt, public debt, sovereign debt | 2 Comments »
