The IMF’s latest Fiscal Monitor includes a colorful chart of who owns the debt of six countries with well-known debt concerns: The debt owned by foreign investors and foreign central banks are in red and yellow; the other colors represent debt owned domestically. Based on IMF’s accounting, the six countries come in three flavors: The “PIG” countries. Portugal, [...]
Posts Tagged ‘Ireland’
Indebted Countries Come in Three Flavors
Posted in Budget, International, tagged Debt, Greece, Ireland, Japan, Portugal, United Kingdom on September 26, 2011 | 3 Comments »
Greece, the Other PIIGS, and “The Chastening”
Posted in Economy, Finance, History, International, Uncategorized, tagged Germany, Greece, IMF, Ireland, Italy, Portugal, Spain on April 28, 2010 | 1 Comment »
Several colleagues recently suggested that now is a propitious time to read (or re-read) Paul Blustein’s “The Chastening.” The book recounts how the International Monetary Fund (IMF) and the G-7 nations struggled to combat the Asian, Russian, and Latin American economic crises of the late 1990s. Having read the book while flying back and forth [...]


