2011-11-28

number crunching

Reading: Spartan
Viewing: Shutter Island
Listening to: Max Richter

Thinking: Belgian national debt= 360bn€: 1% increase in interest rate for sovereign paper => 3,6bn€. We raised 200m€ last week with a gov't bond. Next year we need to re-finance approx 80BILLION€. Can we please un-blind our eyes? Can we please stop auto-believing the "good news show"? Will you tell your kids twenty years from now: we could have done it differently but we chose to put the burden on your shoulders....