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I like to share something that I have seen in bad bosses all over my country(I think will apply worldwide). I like to use the term “Artificial Crisis”. Usually this people lack of knowledge and don’t have any experience in the position they are working on, so what do they do to...
MMT’s treatment of bond sales is not nearly as bad as their treatment of tax receipts though. We should be clear that taxes absolutely, positively fund government spending. Every single entity in the economy needs income and benefits from having income. Income gives us credit and without credi...
Moreover, in 2011 intercompany loans of € 558 million were refinanced from short to long term loans and are now shown under loans to related parties. Notes 8 (5) Accounts receivable and other assets Dec. 31, 2011 in thousand € Accounts receivable from related parties 752,486 (amount ...
Yes, “creative destruction” is the appropriate term here, but what is harrowing is to see companies self-destruct themselves rather than going down fighting competitors over a number of years. There are several examples I can think from India Inc. that have followed this cycle, and are now...
The drawing of € 100 million under the credit facility is guaranteed by Fresenius Kabi AG and Fresenius ProServe GmbH. Furthermore the facility contains common obligations and com- mitments. The EIB is the non-profit-oriented financing institution of the European Union which provides long-term ...