ABOUT KAMRAN’s Blog and GUEST BLOG
I- KAMRAN’s Blog: Dedicated to the Common Good- aiming to be a source of hope and inspiration; enabling us all to move from despair to hope; darkness to light and competition to cooperation. “Let the beauty we love be what we do.”-Rumi
II- KAMRAN MOFID’s GUEST’s BLOG: Here on The Guest Blog you’ll find commentary, analysis, insight and at times provocation from some of the world’s influential and spiritual thought leaders as they weigh in on critical questions about the state of the world, the emerging societal issues, the dominant socio-economic logic, globalisation, money, markets, sustainability, dialogue, cooperation, environment, media, spirituality, faith, culture, the youth, the purpose of business and economic life, the crucial role of leadership, and the challenges facing economic, business, management, education, and more.
“When we are dreaming alone it is only a dream. When we are dreaming together it is the beginning of reality.”—Helder Camara
Angel Oak Tree, Charleston, South Carolina, USA
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- Written by: Kamran Mofid
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“The morality tale Ms Lagarde sets out is not a new one: feckless southern Europeans ran riot for the euro's first decade and now have to be bailed out from their mess”
“Not only should Christine Lagarde know better, she does know better. When the head of the IMF agreed in this paper on Saturday that the crisis across southern Europe was "payback time", she contravened both common sense and her own arguments. Imprudent borrowers require foolhardy lenders, and in Greece and elsewhere that role has often been played by northern European banks. In summer 2010, just as the eurozone crisis kicked off, the country whose banks were most exposed to Greece was France. Similarly, French banks were only just behind German institutions in their loans to Spain. By easing these huge flows of hundreds of billions across borders, the single currency played a material role in causing the continent's crisis.
Ms Lagarde knows all this. Indeed, as France's finance minister at the tail end of the boom, she must be held partly responsible.”… Editorial, The Guardian, 27 May 2012
It is in this spirit that I am most pleased that on Friday 25 May 2012, I had written the following Bolg:
The Moral Blindness of Northern Europe
Corruption, Tax avoidance and “Jobs for the Boys”: Only in Greece, Italy, Spain and Portugal? Oh No!!
“As the euro and financial crises have deepened and worsened, Northern Europe has- shamelessly and arrogantly- linked mainly corruption, including tax avoidance and evasion, in Southern Europe as the pivotal reason for Europe’s economic crises. True or not true, this, cannot be the end of the story, as it gives rise to a false belief that Northern Europe is honest, ethical and not corrupt.
What we should remember is the fact that in Northern Europe they deviously manage to hide their corruption, misdeeds, and “jobs for the boys”, for example, by wrapping them in the mumbo jumbo of the efficient market economy, the need for deregulation and private sector is good, etc, etc.”…
Eurozone crisis: Ms Lagarde's morality tale
The Moral Blindness of Northern Europe
http://gcgi.info/kamrans-blog/178-the-moral-blindness-of-northern-europe
And now please see below!
Christine Lagarde, scourge of tax evaders, pays no tax
IMF boss who caused international outrage when she suggested that Greeks should pay their taxes earns a tax-free salary
http://www.guardian.co.uk/business/2012/may/29/christine-lagarde-pays-no-tax
- Can the Media be for the Common Good?
- Chaotic Britain in 410AD and Europe Today: Any Lessons?
- The Moral Blindness of Northern Europe
- Why Love, Trust, Respect and Gratitude Trumps Economics
- University Corruption and the Financial Crisis: The Theft of the Century by the Most 'Educated Thieves'- All with MBAs and PhDs!
- An Invitation to Attend the 2012 GCGI Annual Conference
- A Must Read Book: Inside Job