A six point plan to ease the Euro crisis

Andrew Hunt | Andrew Hunt Economics | 15 June 2012

A hundred or so years ago, the City of London generally prided itself (most of the time at least) on the notion that 'my word is my bond'. If that concept still had any value in the latter part of the 20th Century, it was probably finally swept away by the Global Financial Crisis of 2007.

Perhaps in more prudent times, during which there was generally sufficient income to service societies' generally lower debt structures, the notion of unsecured lending betwee...