Brussels, 09/11/2009
At the recent Tripartite Social Summit, I quoted the ancient Roman playwright, Platus. I make no apology for repeating his apt remark to our present circumstances. Platus said “I am a rich man as long as I do not repay my creditors”. Or as many bankers might express it, “we are rich men as long as we get almost free money and guarantees from Governments, and give priority to repairing our own balance sheets.”