Tag Archives: Inevitability Of Debt The Faustian Bargain Between States And Banks

Der Spiegel – Stefan Kaiser – Inevitability Of Debt The Faustian Bargain Between States And Banks – 23 November 2012

Are banks and governments merely feeding each other’s addictions?

States and banks have made a deal with the devil. Banks buy the sovereign bonds needed to prop states up in the tacit understanding that the states will bail them out in a pinch. But experts warn that this symbiotic arrangement might be putting the entire financial system at risk. Continue reading