While everyone is talking about Grexit, and all eyes are looking at Spain, more and more Irish people find it hard to repay their mortgages, which is a very bad sign of the inexistence of any sustainable recover of the irish economy.
Meanwhile in Ireland: mortgage arrears still growing
May 28th, 2012 | by Stanislas Jourdan | published in Warning signs | Leave A Comment »
The dark sides of Iceland’s revival
May 10th, 2012 | by Stanislas Jourdan | published in Beyond the crisis, Warning signs | 3 Comments »
Often quoted as a role model for managing its economic collapse, Iceland is the topic of much discussions on the internet and among current protests in Western countries. While part of this acclamation is justified, one should not idealize the situation of the country now.
