Back in September rumours spread in Ireland that one of the country’s biggest banks was close to going bust. Total nonsense, the experts said. Everything was A-OK. But the rumours persisted. On one radio talk show a caller pointed out that savings in the Post Office Bank were state-guaranteed in their entirety. Within hours millions […]
Witold Gadomski has a lengthy article on the crisis in Saturday’s Gazeta Wyborcza. It’s a tremendously boring article about the central bank, the bank oversight commission and some elected jerk who picks up a pay cheque for punching the clock at the ministry for finance every day. A big problem is that the important offices […]
Before you get too cocky, Mr President Elect, you might want to sit yourself down and listen to words of wisdom from “free” market ideologue Witold Gadomski. The man is free with his advice and it would pay you to listen and listen good. The fact is, Mr. Obama, you have carefully avoided saying where […]
Witold Gadomski of Gazeta Wyborcza is beginning to sound desperate. Today’s front page story in his newspaper is that the crisis is at hand. Ukraine and Hungary are in serious trouble and for foreign investors there is really no difference between all those East – sorry – Central European statelets. They’ll pull their money out […]
Witold Gadomski is plainly relishing the opportunities the current financial troubles offer for a fight. Here he is in last weekend’s Gazeta Wyborcza, telling us all to calm down, calm down. There is no cause for alarm. The system works. He quotes Stiglitz: “The fall of Wall Street has shown the world that a certain […]
The front page of today’s Gazeta Wyborcza – apart from the strange claim that a 46.7% voter share for the left wing candidate in France’s presidential elections is a “crushing” defeat – re-runs the pensions time bomb scare story. The story is expanded on in the economics section and commented on by Witold Gadomski on […]
