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What Greece Has to Do Now: Fix Its Economy

Harvard Business Review

As for its official debt to the EU, the ECB, and the IMF, it consisted largely of payments that were made to pass through to EU financial institutions, between 2010 and 2012, so that the Eurozone banks and insurance companies would not be imperiled. So, clemency on loan terms might make procedural sense. This looks unlikely.

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The Hidden Costs of Cash

Harvard Business Review

This cost is also disproportionately borne by mom-and-pops, many of which operate in poor neighborhoods and rural areas. About 12% of the federal budget in 2012 supported programs that provide aid (other than health insurance or Social Security benefits) to poor families. It can be difficult to transport and is inherently insecure.

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The Irish Banking Crisis: A Parable

Harvard Business Review

Umair Haque Blogs Umair Haque On: Global business , Competition , Economy The Irish Banking Crisis: A Parable 4:33 PM Monday November 29, 2010 | Comments () Email Tweet This Post to Facebook Share on LinkedIn Print Once upon a time, there was a country where bankers disappeared.

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What So Many People Don’t Get About the U.S. Working Class

Harvard Business Review

“The main thing is to be independent and give your own orders and not have to take them from anybody else,” a machine operator told Lamont. Both parties have supported free-trade deals because of the net positive GDP gains, overlooking the blue-collar workers who lost work as jobs left for Mexico or Vietnam.

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