Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts

Tuesday, 4 October 2011

Morals have lowest melt threshold during global meltdowns

The global economy begins to look bleaker with each passing day on growing doubts over Greece's ability to avoid default, which in turn are fuelling fears of global financial turmoil and recession.

Moreover in the backdrop of a declining US economy, a possibility of a prolonged recession, and growing fears over the banking sector's exposure to euro zone sovereign debt (made worse with Germany and France's so far failing attempts to rein in the Euro instability and Italy's shaky financial footing) there seems little to smile about, or, let alone, make light off.

But it seems this is not for the lack of trying.