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Spain is too big to fail, and to big to save. Its a bug in search of a windshield as John Mauldin sometimes says about Japan. And with 23% unemployment in Spain, how can it be considered in anything but a full on Depression?
Commented Apr 19, 2012 on The Pain in Spain is too Big to be Contained at Phil's Favorites
The Pain in Spain is too Big to be Contained
The Pain in Spain is too Big to be Contained Courtesy of Phil of Phil's Stock World Depression. Not the Economy (yet) but how I feel so far in my weekend reading. Even John Mauldin, who went against his wishes to ignore Spain this week, now echos my thoughts on the subject in an excellent ove...
The issue is that developed and developing countries may have different interests and agendas. Whilst the West may be more willing to make the the renewable energy investments necessary, developing countries consider it unfair that they are being asked to make sacrifices before they have moved up the economic chain. Its the developed/developing worlds that must be reconciled here.
Commented Mar 27, 2012 on Rio+20 must radically rethink innovation at Constantine Alexander's blog
Rio+20 must radically rethink innovation
New sustainable development goals must involve grassroots initiatives A radical new approach to innovation is urgently needed to ensure a fair and green economy and avoid reversing progress made on global poverty reduction, according to leading scientists. Ahead of the United Nations Confere...
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