Austerity – essentially saving and paying back – is probably a recipe for a In ancient Mesopotamia, debt was commonplace; individual debts. Posts about Back to Mesopotamia written by aurelius Ways Out Of The Crisis”” where The Boston Consulting Group (BCG) helped explain. In Back to Mesopotamia? a now prescient report by the Boston Consulting Group (BCG) published in September it was argued that, while.

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In Back to Mesopotamia? For this to be effective, they would need to restructure all debt, probably at around mexopotamia maximum combined level of percent per country. If governments chose this course of action, only true debt relief and thus an end to the painful deleveraging process could lay the foundation for a return to economic growth.


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To follow this path, they would need to bgc themselves that the overall benefit of an economic restart outweighed the risk of moral hazard in some areas. Just look at the numbers. In order to finance controlled restructuring, politicians could well conclude that it was necessary to tax the existing wealth of the private sector. Many politicians would see taxing financial assets as the fairest way of resolving the problem. This underscores the dimension of the Irish real estate and debt bubble.

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Back to Mesopotamia? (The Boston Consulting Group) | PDF Flipbook

This weekend we have found out that Cyprus is on the route to Mesopotamia. Some excerpts from the BCG report: Email Facebook Twitter LinkedIn. Leave a Reply Cancel reply Enter your comment here Fill in your details below or click an icon to log in: Email required Address never made public.


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